Some strong selling pressure right into the market close. I Thought that I would share this with you guys and it looks like again. Warren Buffett's Berkshire Hathway company is not done liquidating some shares so it says Warren Buffett's Berkshire Hathaway sold all of its GM stock I Don't know if you guys remember uh, but last week I filmed a video about updating you guys on one of the most recent filings from Birkshire Hathway and it showed that they were sitting on the most cast they've sat ever before, right? I Think it was like 100 57 billion and a lot of their money was invested in treasury bonds and uh, short-term bonds. Um, just because it seemed to be a safer form of investment.

uh, than what they would to, uh to consider. uh, the stock market right now in fear of a potential recession in early 2024? Uh, I wanted to share this with you guys on the why, right? First off, even before we break that down, look at the recent performance from General Motors right? if you look at how much much they actually sold I mean when we talk about their position that they had in General Motors it was an $850 million position in GM Right in comparison to their overall. Holdings It's very minute in the grand scheme of things for Berkshire Hathway, but 850 million is still 850 million and it looks like this thing has been making and showing signs of a steady decline since early 2022. Imagine going from $63 66 a share all the way down to $26 I mean literally losing 1ir of your value right around 67% loss.

Let's go ahead and just be exact from overall highs which you can never predict to overall lows. Yeah, around a 60% loss 58% to be exact based off of where we're at right now and overall lows of 6639. So very, very unfortunate. But it says War Buffett Berkshire Hathway unloaded its entire 850 Million worth of General Motor stock last quarter.

According to the Securities Exchange Commission filing shares of Automaker recently, Uh forecasted that the strike of Auto Workers this fall could pre-tax earnings. Uh could cut pre-tax earnings by about 800 million this year and they were down about 3% on Wednesday General Motors Holdings Uh make up a percentage of Berkshire Hathaways 313 billion portfolio again, 850 million, Nearly 1 billion. But they have 3 $1 13 billion in their portfolio. So again, a very minute I would say position in the grand scheme of things, but the firm does, um, appear to be lowering its position in a big number of Blue Chip names.

Now that's my question to you guys, right? A Lot of people are like no, no, no, no Like you know this. This is just like what they do, right? And yes, it is what I mean Warren Buffett You have to give credit where it's due, right? He is one of the greatest investors of all time, at least for Our Generation right? If not the greatest Again, Inv, investing and trading are two completely different things, right? But when you see someone that is viewed as one of the greatest investors, liquida and this is the one thing that I wanted to share with you guys is that in the past year this company has sold $40 billion worth of stocks 40 billion and now they currently sit at a whopping and record $57 billion cash in hand. Do you see that Like why, right? Normally when a company sits on that much cash is due to uncertainty, right? because of what can happen in the up and coming months. For you know, if there's a recession or potential pullback, right? Whatever the case might be because what better position to be in than being cash than when the markets begin to sell off.

You don't have to. And this is the thing that people get very confused. You don't have to just enter a short position when you think the markets are going to pull on back because markets can of course continue to rise before that pullback. but one.

And if they do begin to pull on back and they begin to sell off by sitting on a cash pile of 157 billion, imagine the deals that they can pick up. Imagine the Acquisitions that can happen for all the companies. They're going to need that money, right? And this is the beautiful thing I would say about Berer Hathway And why they're so well trusted is that they always prepare for worst case scenario. As of right now, they're taking a very safe route of investing most of their cash into short-term treasury bonds with a decent return.

Nothing too crazy, but it looks like they're just really sitting on that cash and waiting for greater opportunity to present present itself. Uh, as they begin to sell off a lot of these Blue Chip names, right? Um, You Guys recently heard again they sold Apple Um, all that stuff and it's just crazy, right? So I wanted to share this with you guys I Wanted to hear your guys' thoughts down in the comment section and I also wanted to remind you that when it comes down to these economic reports, tomorrow we have initial claims and continuing claims. One of the few reports that are all going to be released released before the Market opens tomorrow at 8:30 A.m. Eastern time which is 1 hour before the Market opens.

We will be live trading tomorrow right at Market open and if you want the ability to watch me trade live, it's going to be the second link in the description down below. but again, I do Entre remind if you have any questions whatsoever. As a complete beginner, do not hesitate to shoot me a direct message either via Discord or via Instagram and that's the first or third link in the description down below. Uh, by tonight we will be giving away these meta Quest three and if you want to learn more about it on how you can enter, all you literally have to do is click the fourth Link in the description down below and it is prize Week.

Which means that every order gets a prize. We're going to be announcing the winner for the Meta Quest 3 and again, all you literally need to do is purchase anything from our shop techbud site which is the fourth link down below. It could be a trading mouse pad. It could be a t-shirt it could be a sticker pack.

We're going to be randomly selecting One winner and you're going to walk away with the five or $600 Meta Quest 3. So appreciate your time. Hope that we a thumbs up. Please consider subscribing and like always, let's make sure that we the year on our green Out Take Care team.