Buffett, once again, is offering $1 million per year for life to anyone at his companies who perfectly picks the teams that make it into the Sweet 16.
The inversion of the Treasury yield curve shows bond traders see a weaker economy pushing the Federal Reserve to cut interest rates before tightening.
When things are too calm, investors too enthusiastic, or valuations too rich, there is a category of analysts who reliably get worried.
While the top 1 percent experienced a drop in wealth from the decline of equity holdings, some of the drop was counter-balanced by gains elsewhere.