Dear Reader,
I have Victoria here with me, all the way from our Ohio office.
I asked her which of the topics I should discuss today and she thought the Buffett one was the most interesting.
The news that really caught my attention here was that Buffett now owns more T-bills than the U.S. Federal Reserve…
He owns $234 billion in short term Treasuries, compared to $195.3 billion for the Federal Reserve.
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Now, what are T-bills?
T-bills are short-term Treasuries – a year and under – a year, 9 months, 6 months, 3 months and sooner.
These shorter-term Treasuries are the ones with the highest yields.
If you remember, in 2022 I started pushing people to buy T-bills through money market funds, etc.
In my new documentary and my new book Midnight in America, I’m really talking about the same thing.
And if you look at what Buffett’s been doing, it mimics the four steps that I’ve been talking to you about in Midnight in America.
He’s been selling off stocks, like Apple, which is one of the steps that we talk about.
And he’s been pushing money into T-bills.
Most people can’t just go out and buy T-bills – it’s very complicated.
But in Midnight in America, I show you the Money Market funds that go out and buy T-bills, and they yield around 5%.
So what Buffett is signaling is that basically, he’s loaded for a bear market.
He’s been selling some positions that have been overvalued or that have had great runs in this market, just like we have. (We’ve sold over 53 positions across all of our services this year.)
And he’s put a lot of that money into short-term Treasuries which is exactly what we recommend.
And of course, in the Midnight in America book we recommend specific Money Market funds where you can do that; where you can collect roughly 5% (could be 4.9%, 5.1%, etc. depending on the day).
Again, this is the playbook that I share with you in my Midnight in America book and why it’s so essentially important.
Now, I’m not a mind reader, but it looks like what Buffett is doing is what we’ve been doing…
Which is understanding that at a recession (at the very least) is likely.
And Jamie Dimon, chairman of JPMorgan Chase came out predicting the odds of a soft landing at 35%, meaning he foresees a 65% chance of recession.
He’s also saying they’re getting clobbered in commercial real estate, and a Wall Street friend of mine just told me the same…
Really all the things we’ve been talking about in Midnight in America and for the past month here to Diary viewers.
So there’s a lot of stuff happening beneath the surface of this market…
What we’re seeing is lower lows, lower highs.
We see the stock market drop 1,000 points on Monday and then Tuesday it rallies up 700, but it closes up 300…
And then you see it rally up 400 the day after that, and then close down 100.
What’s happening is professional investors are selling into the rallies.
So you have people who, during this transition phase in the market are still at the party…
The music’s winding down… they’re starting to put on the lights at the bar…
Thankfully for us we started to get out before the music ended.
Because this market looks like, at least in the short-term, it’s going to face incredible selling pressure.
If you haven’t yet watched my documentary, go here now and see it before the inevitable.
This is the playbook for making serious wealth. And I’ve never shared it before.
For a number of reasons I show you inside, now is the time.
I wrote this for my children. But I want to share it with my Members, too.
Here is everything you need to know about this market right now: Midnight in America.
“The Buck Stops Here”
P.S. If you wait till after the election to take action, it will be too late. The warning signs are all too clear. But the future may be bright for those who prepare now. Get my never-before-released Bear Market playbook right here.
