The Daily Chase: Investors hoarding cash; More setbacks for Musk-Twitter deal
BNN Bloomberg
Global markets are rallying this morning on no obvious single specific catalyst, and the newest global fund manager survey from Bank of America offers plenty of reasons to be cautious.
WHAT THE BIGGEST NAMES IN INVESTING ARE UP TO
Some nuggets that stood out to me in the flurry of 13F filings from the biggest names in investing yesterday: Daniel Loeb’s Third Point added a stake in Suncor Energy in the latest reporting period. Warren Buffett’s Berkshire Hathaway sold its longstanding stake in Wells Fargo, and built a stake in Citigroup. And, based on the wonderful HDS function on the terminal, there was a ton of movement on Shopify. Kumutha will be rounding up sentiment today on the former Canadian tech darling.
TWITTER TAKEOVER DRAMA ‘FEELS LIKE COLD FEET’
