The iShares MSCI Emerging Markets ETF (EEM), which tracks the performance of emerging markets, rose nearly 27.3% on a year-to-date basis as of September 7, 2017.
According to the institutional ownership report, Berkshire Hathaway is the largest investor in Kraft Heinz with 325.6 million shares as of June 30, 2017.
Warren Buffett’s Berkshire Hathaway (BRK.B) invested heavily in the financial sector (XLF) in 2Q17. The sector represented about 33.0% of the firm’s portfolio in 2Q17.
Higher consumer spending and stronger business sentiment mainly drove GDP in the second quarter. However, Buffett believes this is not 3.0% growth environment.
On Wednesday, August 30, 2017, in an interview with CNBC, billionaire investor Warren Buffett shared his view on US economic growth, his position in Apple (AAPL), and the world economy.
Stanley Druckenmiller also sold his position in the iShares MSCI Emerging Markets ETF (EEM).
Druckenmiller has sold the firm’s position in Barrick Gold, which shows that he might have a strong outlook on the equity market.
According to the recent 13F filing report, Druckenmiller’s firm added nearly 1 million more shares of Microsoft (MSFT) in 2Q17.
Stanley Druckenmiller’s Duquesne Family Office invested heavily in the information technology sector (XLK) in 2Q17.
Druckenmiller’s firm bought 710,200 shares of Alibaba (BABA) in 2Q17. The holding accounted for nearly 5.4% of the firm’s portfolio in 2Q17.
The energy sector showed a poor performance in the first half of 2017.
The industrial sector also remained a stronger player in the first half of 2017.
The healthcare sector has been the second-largest gainer in the S&P 500 Index (SPY) so far this year.
The utility segment also contributed significantly to the recent market rally.
The Technology Select Sector SPDR ETF (XLK), which tracks the performance of the technology sector, rose nearly 19% on a year-to-date basis, as of August 25, 2017.
The financial sector showed a strong performance in the first half of 2017.
The Fed continued its gradual rate hike process in 1H17. In spite of the gradual rate hike, the Dollar Index weakened in 1H17.
Since the start of 2017, market volatility has remained at lower levels.
Major sectors of the S&P 500 Index (SPY) have given strong performances so far this year.
According to an industry survey released on August 24, many hedge fund managers have a dull outlook on the market (IWM).