Why are you buying when the “Oracle of Omaha” is selling? What do you know that he doesn’t? And conversely, what does Buffett know that you’re missing? Amid the past week’s euphoria, perhaps what Buffett — who,

S&P 500, Dow and Nasdaq are all at all-time high levels primarily on the back of falling inflation levels and the US Fed rate cut campaign.

It finds that the party in the White House tends to stay in power when the US stock market rises ahead of a presidential election. In all but two elections since 1944, the incumbent party has won the race for the White House when the S&P 500 advanced between the end of July and Halloween,