Market Recap – March 11th
Markets closed last Friday in the red, consistent with the broader trend of the past few weeks. Indeed, all major indexes struggled to find a direction as investors balanced a multitude of complex signals. From Russia’s war with Ukraine to next week’s Federal Reserve decision on things like gas prices, cryptocurrency, and more, there is a lot to digest at once. To keep an eye on some specific investments during these complex times we’ve taken a page from some big names in the investment world. Warrant Buffet and Bill Ackman. Buffet has recently bought Occidental Petroleum, adding shares worth $1.5 billion of the stock. On the other hand, Bill Ackman’s hedge fund, Pershing Square, announced a new position in Canadian Pacific.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.