Did Warren Buffett Buy the Dip in the Stock Market After President Trump's "Liberation Day"? We Still Don't Know but Just Got a Big Clue.
On April 2, which President Donald Trump coined as "Liberation Day", Trump announced high tariff rates against nearly all major trading partners of the U.S., including China, India, Japan, and Vietnam, among many others. The news caught the market by surprise and sent stocks spiraling. From highs made in late February, the broader benchmark S&P 500 (SNPINDEX: ^GSPC) fell close to 20%, essentially entering bear market territory.However, later in April, Trump announced a 90-day pause on tariff rates, indicating that he was open to making trade deals, which sent the market into a furious rally. The S&P 500 is down about 4% this year (as of April 7).Many have wondered whether the greats -- like Warren Buffett and the investing team at Buffett's company, Berkshire Hathaway -- took advantage of the sell-off to buy the dip. While we still technically don't know, we just got a major clue.Continue reading
On April 2, which President Donald Trump coined as "Liberation Day", Trump announced high tariff rates against nearly all major trading partners of the U.S., including China, India, Japan, and Vietnam, among many others. The news caught the market by surprise and sent stocks spiraling. From highs made in late February, the broader benchmark S&P 500 (SNPINDEX: ^GSPC) fell close to 20%, essentially entering bear market territory.
However, later in April, Trump announced a 90-day pause on tariff rates, indicating that he was open to making trade deals, which sent the market into a furious rally. The S&P 500 is down about 4% this year (as of April 7).
Many have wondered whether the greats -- like Warren Buffett and the investing team at Buffett's company, Berkshire Hathaway -- took advantage of the sell-off to buy the dip. While we still technically don't know, we just got a major clue.
