Good afternoon.
The S&P 500 is up 20% in 2024, Warren Buffett's cash pile hits a record high, and the U.S. presidential election is tomorrow.
Let's dive in.
Markets
Here are today's market moves:
What's Happening
Markets fell on Monday ahead of the U.S. presidential election.
The stock market is having a strong year, with the S&P 500 up 20% in 2024:
Investors are focused on two events this week: 1) the U.S. election and 2) the Federal Reserve's policy meeting.
The crypto market was little changed today. Bitcoin briefly hit $73,000 last week, near a record high.
Catch Up
Berkshire Hathaway's cash pile hits a record $325.2 billion.
Nvidia briefly surpassed Apple to become the world's largest company.
The Fed is expected to cut interest rates by 25 bps this week.
What Else?
Quote
"You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time."
— Charlie Munger