Warren Buffett is out of step with the booming markets.As U.S. equity indexes surge for the second straight year, with the S&P 500 index returning 27% (including dividends) so far in 2024, the Berkshire Hathaway CEO has been selling stocks and raising the company’s cash to record levels.

Paul Nolte, Senior Wealth Advisor & Market Strategist for Murphy & Sylvest, joins Bob Sirott to talk about how the election impacted the markets and more information about Warren

The company, run by investor Warren Buffett, keeps trimming its equity portfolio and is now sitting on close to $325 billion in cash on its balance sheet. While this does not necessarily mean Buffett is making a directional call on the stock market,