Steven Budgen @Bees84: "𝗪𝗮𝗿𝗿𝗲𝗻 𝗕𝘂𝗳𝗳𝗲𝘁𝘁 𝘁𝗼 𝘀𝘁𝗲𝗽 𝗱𝗼𝘄𝗻..."

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𝗪𝗮𝗿𝗿𝗲𝗻 𝗕𝘂𝗳𝗳𝗲𝘁𝘁 𝘁𝗼 𝘀𝘁𝗲𝗽 𝗱𝗼𝘄𝗻 𝗮𝗻𝗱 𝘀𝘁𝗼𝗽 𝗻𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿 📖📈 𝗜𝘀 𝗮𝗻 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗥𝗮𝘁𝗲 𝗖𝘂𝘁 𝗹𝗶𝗸𝗲𝗹𝘆 𝗶𝗻 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝗶𝗻 𝗨𝗦? 🏛️ 𝗜𝘀 𝘁𝗵𝗲 𝗖𝗿𝘆𝗽𝘁𝗼 𝗕𝘂𝗹𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘃𝗲𝗿? ₿🚀 𝗖𝗶𝘃𝗶𝘁𝗮𝘀 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀 - 𝗮 𝗺𝗲𝗿𝗴𝗲𝗿 𝗼𝗳 𝗘𝗾𝘂𝗮𝗹𝘀 🛢️ 𝗕𝘂𝗶𝗹𝗱 𝗮 𝗕𝗲𝗮𝗿 - 𝗖𝘂𝘁𝗲 𝗕𝗲𝗮𝗿 𝗶𝘀 𝗚𝗲𝘁𝘁𝗶𝗻𝗴 𝗺𝗮𝘂𝗹𝗲𝗱! 🐻 𝗪𝗮𝗿𝗿𝗲𝗻 𝗕𝘂𝗳𝗳𝗲𝘁𝘁 𝘁𝗼 𝘀𝘁𝗲𝗽 𝗱𝗼𝘄𝗻 𝗮𝗻𝗱 𝘀𝘁𝗼𝗽 𝗻𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿 📖📈 Warren Buffett will step back from running Berkshire Hathawa. Greg Abel, will officially take over as CEO at the end of the year and become his long term successor. He also shared that he will no longer write the annual report or speak at the Omaha shareholders meeting, closing a chapter that defined generations of investors. "I will no longer be writing Berkshire's annual report or talking endlessly at the annual meeting,, "As the British would say, I'm 'going quiet.'" End of an era of success and patience from the ''Oracle of Omaha'' 𝗜𝘀 𝗮𝗻 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗥𝗮𝘁𝗲 𝗖𝘂𝘁 𝗹𝗶𝗸𝗲𝗹𝘆 𝗶𝗻 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝗶𝗻 𝗨𝗦?🏛️ $SPX500 The Federal Reserve will meet on 9th December to decide whether to cut fed funds rate for a third consecutive meeting. Both sides of the Fed's "dual mandate" are worsening & the Fed lacks data because of the government shutdown, which could be lifted soon. The Polymarkets are pricing in a 72% of a further rate cut of 25 basis points. This would be good for ''risk on'' markets. But with blips in inflation data its not a full gone conclusion. 𝗜𝘀 𝘁𝗵𝗲 𝗖𝗿𝘆𝗽𝘁𝗼 𝗕𝘂𝗹𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘃𝗲𝗿? ₿🚀 There is much debate about whether we have seen the top of the Crypto Markets after a pullback in $BTC to $103,000 with it briefly touching below the psychological mark of $100k. Bitcoin hit its all time high in September 2025 at $125k but has since wimpered. I have mentioned before how the government shutdown is having a big impact on liquidity. That continues to be the case & nothing shows that more than the price and sentiment in altcoins. This I expect to come roaring back after an agrement is in place to reopen the government. I also expect rate cuts in December which as mentioned will be great for ''risk assets''. We also have the Clarity Act which looks set to be rolled out which provides a framework for better guidance on Crypto regulations, allowing companies to operate more freely. We are seeing steady inflows into Bitcoin and $ETH ETF's but we are also seeing approval of altcoin ETF's which will bring more institutional money into select altcoins which could then start the momentum of alt season. There are many altcoins that have been punished and could have a lot of upside potential with it being an assymetric investment. We are also seeing exhaustion in terms of long term hodler's (OG's) who many have had a long time to take profit over $100k. Its very normal for people to take life style chips off the table after making life changing money. To cut a long story short, I think we have about 70/80% chance of further upside in the Crypto Markets. Ranging patterns lead to the price going up and down but there is just too much good news for me to believe we are in a start of a bear market. However, I will continue with my Crypto Strategy of taking profit if crypto prices increase. 𝗖𝗶𝘃𝗶𝘁𝗮𝘀 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀 - 𝗮 𝗺𝗲𝗿𝗴𝗲𝗿 𝗼𝗳 𝗘𝗾𝘂𝗮𝗹𝘀 🛢️ $CIVI (Civitas Resources Inc.) (Civitas Resources) is merging with SM Energy in an all stock deal valued at approximately $12.8 billion. The combined company will operate under the SM Energy name, be headquartered in Denver, and have an expanded portfolio of about 823,000 net acres across key basins like the Permian. The merger is expected to be completed in the first quarter of 2026. There was a lot of debate over whether they would get acquired by a larger producer and thus provide a larger premium for existing holders. What actually happened is a ''merger of equals''. This might not be good for a sudden premium and exit from the stock, but in my opinion we have a lot more upside by holding onto the company and letting the merger play out. A consolidation of the industry was required and by combining resources it should be a lot stronger longer term, getting a stronger footing in the Permian Basin. This continues to be a longer term hold for us and I expect it to do well with its new added strength. 𝗕𝘂𝗶𝗹𝗱 𝗮 𝗕𝗲𝗮𝗿 - 𝗖𝘂𝘁𝗲 𝗕𝗲𝗮𝗿 𝗶𝘀 𝗚𝗲𝘁𝘁𝗶𝗻𝗴 𝗺𝗮𝘂𝗹𝗲𝗱! 🐻 Build a bear ($BBW) has had one of the best 5 years in the stock market, providing $NVIDIA like returns. I have written a post on this a few weeks ago. But they basically went from a mall based toy retailer into a multi platform brand. However, even with success stories sometimes valuations can become stretched. This is why a few months ago, I strategically placed a short in Build a Bear. We are being repayed for that timing & are currently up +34% on our positions.

4 Mentioned

SPX500

BTC

Bitcoin

ETH

Ethereum

CIVI

Civitas Resources Inc.

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