Warren Buffett has been aggressively buying U.S. stocks—purchasing shares of Occidental Petroleum, Sirius XM, and two other companies for three consecutive days. What signals does this send? Will the stock market rise?

Do you now understand the statement I’ve repeated many times: —‘Cash held from shorting U.S. equities today will become ammunition for going long on U.S. stocks tomorrow.’

Warren Buffett is aggressively buying this stock.

The Fed turned hawkish again last night, seemingly regaining confidence—and may raise rates by 50 basis points this month. Macroeconomic conditions offer little to discuss; in any case, we’re now at the tail end of the hiking cycle. Although elevated interest rates are expected to persist for an extended period—exerting severe pressure on the economy—the worst is over for A-shares. U.S. equities, however, remain relatively risky: Buffett has added to his stake in Occidental Petroleum for the first time in five months. Between March 3 and March 7, Berkshire Hathaway spent $355 million to acquire 5.8 million shares of Occidental Petroleum at prices ranging from $59 to $62 per share—the firm’s first purchase of the stock since the end of Q3. Buffett’s rationale for buying oil stocks is straightforward: he’s betting on stagflation—i.e., an economy that won’t recover robustly. Never underestimate Buffett’s judgment—especially regarding commodities. His track record here is exceptional; he’s rarely wrong, and the probability of error is extremely low—even having once taken a dominant position in silver. That said, this publication currently lacks the courage to follow suit on Occidental Petroleum. After all, the stock traded at just $8 in 2020 (during the sudden onset of the pandemic), and now stands near $60. Faced with a sevenfold surge over three years, we admit to feeling somewhat cautious. Still, Occidental Petroleum does possess the potential to challenge the $90 level. 1. A major positive catalyst emerged after yesterday’s market close: a certain regulatory body was upgraded to a higher administrative tier. Let’s avoid drawing analogies here—it could get sensitive—but such an upgrade clearly signals heightened attention toward the stock market. One key reason Western countries maintain strong innovation capacity is their high proportion of direct financing—i.e., equity financing, where investors provide capital directly to enterprises. In contrast, China relies predominantly on indirect financing—i.e., bank lending—where banks act as financial intermediaries. Since risk management is central to banking operations, stringent controls are essential. To illustrate with an analogy: Suppose ‘Dashuanzi’ opens a nightclub. He might find it difficult to secure a bank loan. But Dashuanzi thinks, ‘Ah, this is right up my alley!’—and invests directly. That’s the fundamental difference between indirect and direct financing. Given future technological competition, China must increase its reliance on direct financing. Currently, only about 30% of China’s financing comes from direct sources, versus a staggering 75% in the U.S. Yet investors must still safeguard their capital—avoiding blind investments. Remember: the stock market carries risks, and so do nightclubs.

Bank of America Corp Purchases 14,553 Shares in Oil-Dri Corporation of America

Oct 2, 2026

Bank of America Corp initiated a new position by purchasing 14,553 shares of specialty chemicals firm Oil-Dri Corporation of America, valued at approximately $1.49 million. The acquisition contributes to 49.01% institutional ownership while analysts maintain a Buy rating.

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