CNN BUSINESS | What are Warren Buffett and ‘Big Short’ Michael Burry seeing that we aren’t

New York (CNN) — The S&P 500 index is up nearly 17% year to date, and the Nasdaq composite is more than 30% higher. Americans keep spending money, unemployment is low, the Federal Reserve may soon pause its painful interest rate hikes as inflation rates steadily — albeit slowly — come down.

But Securities and Exchange Commission filings out Monday showed that Warren Buffett’s Berkshire Hathaway (BRKA) sold almost $8 billion more in shares than it bought in the second quarter of 2023. That’s not too much by his standards, but a significant move when the market is up. –read more–