Berkshire Hathaway has experienced a Death Cross, with its 50-day moving average falling below the 200-day for the first time since August. This technical indicator, often seen as a bearish signal, coincides with the company's underperformance against the S&P 500 by 34% since Warren Buffett announced his retirement in May.
Class B shares of Berkshire are nearing oversold territory, just $3 away from a 30 RSI. Despite these challenges, the firm maintains a substantial cash reserve of $344 billion. Investors are closely watching Greg Abel, Buffett's successor, for potential shifts in investment strategy, particularly regarding Bitcoin.
Berkshire Hathaway Faces Death Cross, Underperforms S&P 500 by 34%
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