BlockBeats News, April 6th, according to The Kobeissi Letter, on February 20th, Jamie Dimon, CEO of JPMorgan Chase, sold $2.34 billion worth of JPM stock. On February 22nd, Warren Buffett disclosed a record $334 billion cash balance. 30 trading days later, the Nasdaq 100 index plummeted by -24%. Both of the aforementioned individuals successfully executed a "topping out" strategy, demonstrating their exceptional market insight. They are often seen as leading indicators of the U.S. stock market.
Furthermore, Warren Buffett's net worth has increased so far this year. Since January 1st, Buffett's net worth has grown by $12.7 billion, reaching $155 billion. He is the only billionaire in the top 10 list who has not seen a decrease in net worth since 2025. Musk, on the other hand, has seen his net worth drop by $130 billion this year, making him the biggest loser among the top 10 richest people globally.