Following in the footsteps of David Solomon at Goldman Sachs and Jamie Dimon at JPMorgan, Ark Investments guru Cathie Wood recently warned of the potential for a reality check for the stock market after the massive Artificial Intelligence rally that has driven the major indices to all-time highs over the last three years. Of course, "Reality Check" is Wall Street word salad for a sell-off and a potential correction.
They were stunned at this year's meeting when Buffett announced that he is stepping down at the end of the year as CEO of the investment giant. While he will remain chair of the board and continue to have a voice in the day-to-day operations, his pre-announced successor, Greg Abel, will assume the CEO position at the end of the year.
