by Wolf Richter, Wolf Street:

“You could conclude this is another sell signal. This was a far higher level of selling activity than we were expecting”: Edward Jones Investments.

Q2 was the seventh quarter in a row during which Berkshire Hathaway, Warren Buffett’s investment vehicle, shed stocks on net, this time a net of $76 billion in stocks. The proceeds went into T-bills, which grew by $81 billion, a blistering pace for a three-month period – to get out of Dodge?  The stock market turned south in mid-July