CEO Warren Buffett has attributed much of Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) incredible success through the years to an investment approach that revolves around being fearful when others are greedy -- and greedy when others are fearful. Berkshire's recent third-quarter results show that the investment conglomerate was a net purchaser of stocks in the period, suggesting that the Oracle of Omaha sees opportunity in the market despite current risk factors and volatility. Macroeconomic pressures, rising costs, and slowing e-commerce growth had already been pressuring Amazon (NASDAQ: AMZN) stock this year, and the company's third-quarter results highlighted additional risk factors that dampened investor confidence. Read More...
Reuters
Futures decline on cautious Fed tone on inflation
Federal Reserve Governor Christopher Waller said on Sunday that markets should now pay attention to the “endpoint” of rate increases, not the pace of each move, and the endpoint is likely “a ways off”. The comments from Waller, a voting member of the rate-setting committee this year, follow softer-than-expected inflation data for October that led to a euphoric market rally last week, with the S&P 500 logging its biggest weekly percentage gains in about five months. “The message is coming loud and clear from the Fed, investors should hold their horses when it comes to expectations of looser monetary policy,” said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.
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