Since the second half of the year, the "stock god" Buffett's Berkshire Hathaway has been reducing its holdings in Bank of America, with a cumulative cash out of over $10 billion. In addition to tax factors, valuation is also considered the main selling factor as the three major stock indexes in the United States once again charge towards historical highs. JPMorgan CEO Jamie Damon recently expressed a cautious attitude towards buybacks, believing that cash is an important asset. Data shows that even after the Federal Reserve began its interest rate cut cycle, the size of the US monetary fund is still breaking records.