May 6, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Holding Cash

Please click here for a chart of Berkshire Hathaway stock (BRK.B).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of BRK.B stock is being used to illustrate the point.
• The chart shows Warren Buffett’s company BRK.B broke out at the beginning of the year with the rest of the market.
• The chart shows that BRK.B has been consolidating in the resistance zone
• Buffett has made two important disclosures.
  • Buffett is now holding a record amount of cash, $189B.