3 Big Scoops

Hello Folks,

Happy Monday!!

Here’s what’s on the menu for today:

👉 Berkshire Hathaway earnings

👉 Dominance of the U.S. stock market

👉 How you can gain exposure to Bitcoin

Warren Buffett is Bullish on Bonds

Berkshire Hathaway announced its Q3 results last week and reported a 40% increase in operating profits compared to the year-ago period.

Berkshire Hathaway is a business conglomerate with segments operating in sectors such as insurance, railroads, and utilities. The company’s stellar results in the September quarter meant:

• It ended Q3 with $157.1 billion in cash

• It spent $1.1 billion in share buybacks

• It increased exposure to U.S. Treasury bills by 35% year over year

Berkshire Hathaway is owned by one of the most famous investors in the world- Warren Buffett. Also known as the Oracle of Omaha, Buffett ensured Berkshire ended Q3 with $126 billion in Treasury Bills to take advantage of interest rate hikes.

It seems even the best investors are taking advantage of high yields in short-duration fixed-income securities amid a challenging macro environment.

Will the U.S. Stock Market Dominance Continue?

It's been a belting decade for U.S. stocks compared to global equities, allowing investors to benefit from inflation-beating gains.

According to a few experts, a combination of technology stocks and an early mover advantage in the disruptive AI vertical should boost the U.S. economy and its firms.

However, few others expect the decade of U.S. dominance to come to an end. So, what should investors do?

It makes sense to diversify your holdings and gain exposure to multiple asset classes such as stocks, bonds, ETFs, gold, and even cryptocurrencies if you have a high-risk appetite.

5 Ways You Can Gain Exposure to Bitcoin and Crypto

Investors bullish on cryptocurrencies and Bitcoin can gain exposure to this asset class by:

👉 Purchasing Bitcoin and cryptos on an exchange such as Coinbase

👉 Buying shares or units of spot Bitcoin ETFs

👉 Buying shares of crypto exchanges such as Coinbase

👉 Buying shares of crypto mining companies such as Hut 8 Mining

👉 Buying shares of companies that hold BTC on the balance sheet, such as PayPal, Block, and Microstrategy

Headlines You Can’t Miss!

Hong Kong’s IPO market is in a slump

South Korea bans short-selling

Elon Musk unveils GrokAI to rival ChatGPT

GM to invest $13 billion in new UAW deal

Nike-RTFKT's crypto universe nears $1.4 billion

Chart of the Day

The stock market has been extremely volatile in 2023. For instance, the S&P 500 is up over 13.5% year-to-date. But the popular index also trades 9% below its 52-week high.

After a strong start to the year, investors are wary about a range of macro headwinds such as:

• Higher interest rates

• Elevated inflation

• Geo-political tensions

• Lower consumer spending and

• A rising debt pile

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.