Did you know that the term "Magnificent 7" has been colloquially used to refer to the seven largest tech companies by market cap?

To this day, these have significantly influenced the direction of the stock market, giving us a decent way of determining the future of the market.

This edition of Equity Eats brings you the following analyses:

• Berkshire Hathaway Continues To Buy Back Stock: First, we’ll take a look at Berkshire Hathaway's increased stock buybacks, which is a positive signal for investors 💰

• The Rally Is Looking Increasingly Sustainable: Next, we’ll present insights into the S&P 500’s broad-based growth 💪

• Geopolitics Never As Dangerous As Claimed: Finally, we’ll highlight the financial markets’ rebound, especially Israel’s market recovery after October 2023, despite the doomsayers claiming otherwise 🤷🏻

Join us for concise, impactful market insights that inform and inspire your financial journey.

Berkshire Hathaway Continues To Buy Back Stock 💰

Berkshire Hathaway bought back about $2.3 billion in stock in the first quarter through March 6, based on calculations from information in the company’s proxy statement.

The $2.3 billion of repurchases marks a pickup from the $2.2 billion of stock that Berkshire repurchased in the fourth quarter and could mean $3 billion or more of buybacks for the current quarter if the pace of repurchases continues at the rate of the first two months of the year.

Investors watch the pace of Berkshire’s buybacks as an indication of whether Buffett views the stock as cheaply valued since he determines the pace of repurchases and has said repeatedly that he is price conscious 💵

The Rally Is Looking Increasingly Sustainable 💪

Under the surface, the market is showing signs that it can remain hot.

More than 60% of stocks in the S&P 500 are up on the year 📈

This means that the index isn’t as reliant  on a handful of Big Tech names to stay afloat, as so many analysts argue.

With each passing week, even as the rally among some of the Magnificent 7 is fading, the strength of the market rally is broadening 🚀

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Geopolitics Never As Dangerous As Claimed 🤷🏻

Geopolitical experts love talking about how the situation is fraught.

When the Gaza conflict escalated in early October of 2023, there was talk about World War III from respected analysts.

Nine out of ten times, the geopolitical risks don’t escalate to the extent the analysts claim ❌

Even in Israel, which is on the front lines of the war, the stock market has more than recovered the losses it faced when it was first attacked by Hamas 📈

Inner Circle Macro Update 🔍

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