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Warren Buffet buys ‘aggressively’ when US stocks dip, refrains from short-term bets: What should you do amid volatility?
US stocks crashed in the previous session due to a global selloff fueled by mounting recession fears among investors in the world’s largest economy. On Monday, more than $1.93 trillion was wiped out of the US stock market as the tech-heavy Nasdaq composite dropped over 1,000 points.
The turmoil began following the release of a disappointing July jobs report, which fueled concerns that the US Federal Reserve has moved too slowly to cut interest rates — a move meant to alleviate some pressure on the economy.
The bloodbath on Wall Street led by the global stock market crash left investors worried about their holdings and trading strategy to apply amid the current volatility. Ace investor Warren Buffett recently spoke to CNBC and revealed some of his personal trading strategies amid a market crash. According to the Oracle of Omaha, ‘When the stocks are crashing, it’s always good news’.
