The Federal Reserve is poised to start cutting rates, taking one element of uncertainty out of the market. But there's one big thing that could shake up Wall Street: the 2024 election. With many Wall Street bullish on stocks, could the election throw a wrench into things? Innovator Capital Management head of research & investment strategy Tim Urbanowicz and BofA Securities chief equity technical strategist Stephen Suttmeier joined the show to give insight into the upcoming presidential election and the potential impacts it could have on the market.
Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) rose above $1 trillion in market value, becoming the first US company outside of the tech sector to do so. The company trimmed its stake in Apple (AAPL)by over 50% at the beginning of August as well as Bank of America (BAC), dumping about 9 million shares. Berkshire Hathaway shareholder and Scharf Investments managing director Eric Lynch joined the show to give insight on the trading patterns from Berkshire.
Casino stocks— Caesars (CZR), MGM Resorts (MGM), Wynn Resorts (WYNN), and more — are under pressure as the Nevada Gaming Control Board reported a 15% decrease in betting revenue on the Las Vegas Strip.
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