Oil Under $60 & Buffett Steps Down - What Now?

😎 Market Vibes

Happy Monday, traders. We’ve got oil prices nose-diving, Warren Buffett hanging up the saddle, and the market acting like it just read its own obituary. Energy’s in the penalty box, crypto’s chilling like it’s on vacation, and 75% of the S&P just hit the red carpet — in a bad way. Let’s get into the madness.

🛢️ Oil Slicks & Market Kicks

• Stocks? Slouching. Markets opened in a funk, with the S&P 500 down 0.7%, Nasdaq off 0.8%, and the Dow dragging 0.4%. Blame it on oil, Buffett, or just Monday being Monday

• The Oracle Bids Adieu: Berkshire Hathaway dropped 5.5% after Warren Buffett said he's retiring as CEO by year's end. After seven decades and more shareholder letters than the Bible has pages, the man's finally logging off.

• Crude Goes Crater Mode: Brent crude just slipped under $60 for the first time in years. OPEC+ basically said, "Let it flow," and now oil's drowning in its own supply glut.

• Bitcoin Still in Zen Mode: BTC is chilling at $94K, seemingly unbothered by everything else melting down. ETH hanging out near $1,800, like it's waiting for someone to ask it to prom.

• Bonds Aren't Boring Today: 10-year Treasury yield ticked up to 4.32%. Wall Street's best minds are still guessing if Powell's next move will be a pivot or a plot twist.

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💸 Trade Talk

Oil's Dead Cat Slide, or Something Bigger?
Brent crude's under $60 and energy stocks are slipping like they're late to a wet-floor sign. Wall Street's treating this as a temporary glut, but we've seen this movie before - and it usually ends with someone yelling "capitulation" on CNBC. If this keeps up, Exxon might have to start selling tote bags.

🧠 Big Brain Energy

Stat of the Day: 75% of S&P 500 stocks were in the red today.
Translation: This wasn't just a "tech is tired" situation - this was a full-blown broad-market blues. You know it's bad when even the boring dividend dads are taking hits.

🧨The Outrage Meter

Buffett Is Leaving and the Market Is Crying Like It's 2008.
Warren Buffett stepping down is basically the investing version of Gandalf quitting the Fellowship. Investors nuked Berkshire Hathaway shares 5.5% on the news. Is it overblown? Probably. But Wall Street just lost its grandpa, and feelings are valid.

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🤔What Do You Think?

✌️ Thanks for vibing with us. Hit reply and let us know your take on today's market madness.

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