Bank of America Stock Forum

Last week was a rollercoaster week!  S&P 500 clocked its worst and best day since 2022 in just 1 week.
What happened: last Monday, we saw a global market sell off. But by the end of the week, the US stock market has staged an incredible comeback by recovering almost all of the week’s losses!
Here's the question many have in mind - is this is a dead cat bounce? 
  $Palantir (PLTR.US)$ $Adobe (ADBE.US)$ $iShares 20+ Year Treasury Bond ETF (TLT.US)$ $iShares Bitcoin Trust (IBIT.US)$ $Bank of America (BAC.US)$ $NIO Inc (NIO.US)$ $Alibaba (BABA.US)$ $BABA-SW (09988.HK)$  ...

WATCH my video here for a live demo on how to see what Billionaires have in their portfolios. And what they're buying and selling.
The first thing to do is head to the moomoo. Click on the Markets tab, then institutional tracker.
After clicking on Buffett's Berkshire $Berkshire Hathaway-A (BRK.A.US)$ , you can all the holdin...

$Bank of America (BAC.US)$ dead cat?

Nobody knows for sure, and accurately predicting one is impossible.
However, if anyone is prepared, it's Warren Buffett and Berkshire Hathaway. $Berkshire Hathaway-A (BRK.A.US)$ $Berkshire Hathaway-B (BRK.B.US)$
Over the weekend, Berkshire Hathaway released its Q2 earnings, revealing a record-breaking $277B cash pile.
In Q1, the cash pile sat at $189B, and Buffett’s recent strategic moves of selling nearly 50% of his Apple $Apple (AAPL.US)$ shares and offloading Ban...

2Q OPERATING EARNINGS $11.60 BLN VS YEAR-EARLIER $10.04 BLN
2Q EPS $21122.00
2Q INSURANCE-INVESTMENT INCOME OPERATING EARNINGS $3.32B
2Q INSURANCE-UNDERWRITING OPERATING EARNINGS $2.26B
2Q INVESTMENT, DERIVATIVE GAINS $18.75B
2Q BNSF OPERATING EARNINGS $1.23B
$Warren Buffett Portfolio (BK2999)$ $Berkshire Hathaway-A (BRK.A.US)$ $Berkshire Hathaway-B (BRK.B.US)$ $Apple (AAPL.US)$ $Coca-Cola (KO.US)$ $Bank of America (BAC.US)$

Berkshire Hathaway's cash holdings increased from $189 billion in the first quarter to $276.9 billion, primarily due to net selling of $75.5 billion worth of stocks. This marks the seventh consecutive quarter in which Berkshire has sold more stocks than it has bought.
Considering the significant scale of Buffett's stock sales and the fact that Berkshire Hathaway only repurchased $345 million of its own stock this quarter, it suggests that Buffett might view the entire market as overvalued.
$Warren Buffett Portfolio (BK2999)$ $Berkshire Hathaway-A (BRK.A.US)$ $Berkshire Hathaway-B (BRK.B.US)$ $Apple (AAPL.US)$ $Bank of America (BAC.US)$ $Coca-Cola (KO.US)$ $Occidental Petroleum (OXY.US)$

The sell off in the stock market intensified last week. Trillion of dollars were wiped out due to fears of a global recession. 
Even Russell 2000 that tracks the small cap stocks was down 7% last week - so much for market rotation.
Many are wondering if the widespread sell off will continue for the rest of August, and if recession is indeed coming.
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