Republic Risk: What Warren Buffett Said Over the Weekend

Berkshire's operating earnings surged, and the company continues

Equity Storm Watch Is YELLOW on the S&P 500 and GREEN on the Russell 2000

Futures are moving higher this morning as oil prices continue to show weakness and hint at economic challenges ahead at the backend of the year. As financial conditions tighten (a subject we’ll explore below), consumers face greater economic challenges as inflation runs hot, costs climb, and defaults rise.

What to Do Today: At Postcards today, I will start discussing the proper way to build an allocation portfolio using our Model portfolio and a variety of other stocks, mutual funds, and bonds. I think it’s essential to allocate short-term treasuries for under one year. Look out for this later, as it will show where our Model Portfolio fits into the picture.