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Warren Buffett Holds Off on Stock Purchases Awaiting Fed Intervention
Warren Buffett Holds Off on Stock Purchases Awaiting Fed Intervention
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Warren Buffett, known as the Oracle of Omaha, has not made any significant stock purchases despite the market downturn that resembles his typical investment territory. He sold off Apple and Bank of America, two of his largest stock positions, just before the market decline. Even as the S&P 500 has technically entered a bear market with a drop of more than 20% from its highs, Buffett remains cautious. The US stock market has become increasingly chaotic, with the Nasdaq Composite falling 10% in two trading sessions and the Dow Jones also experiencing significant volatility.
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