According to The Kobeissi Letter, the S&P 500 experienced a significant gain of +23.3% last year, marking consecutive annual returns over +20% for the first time since 1998. Despite this strong market performance, Berkshire Hathaway has indicated a lack of bullishness towards their own stock, suggesting a cautious perspective in the face of a historically strong market.

According to @KobeissiLetter, despite the S&P 500 achieving a +23.3% gain last year and marking back-to-back annual returns of +20% or more, Berkshire Hathaway is signaling a lack of bullish sentiment regarding their own stock. This trend was last seen in 1998, indicating a historically strong market. Traders should note Berkshire Hathaway's cautious approach as it may impact investment strategies and stock performance analysis.