In Warren Buffett's latest annual letter to shareholders, he offered one of the more direct (and chilling) assessments of how he views stocks on Wall Street. Put bluntly, the Oracle of Omaha noted, "often, nothing looks compelling."

It wasn’t just Apple shares that Buffett-led Berkshire Hathaway sold last year. The company also cut its stake in Bank of America by 34 per cent. Since then, Apple and Bank of America have seen their share prices decline by 15 per cent and 20 per cent respectively,

When Warren Buffett’s Berkshire Hathaway’s makes a major move, pay close attention. Most times, his moves serve as a key barometer of the direction of the overall market. For example, in 2024, Berkshire sold $134 billion worth of stock.