Record highs, record cash
Stocks closed near record highs this week and the VIX sat at about 15 — roughly as calm as the tape gets. Yet beneath the surface, Buffett is holding a record cash pile and far more names are stretched down than up. Here's the market's temperature right now, built from the Oxinion Global 500 — market context and education, not advice, and nothing here is a recommendation to buy or sell anything.
🌡️ A calm, middle-of-the-road market
One way to read "how stretched is the market" is RSI — a 0–100 gauge of how far and fast a stock has moved. Of the 494 names we track, the vast majority sit in the neutral zone, and the average RSI is 46.6 — almost dead center.
Stretched down = RSI < 30, stretched up = RSI > 70. A high or low RSI describes how far price has moved — it does not say what happens next.
💰 Buffett is holding more cash than he almost ever has
A piece of investing history worth knowing: Berkshire Hathaway's cash-and-T-bills now sit at 31.7% of total assets — well above Buffett's own 25-year average of 19.9%. Buffett has long framed cash as "dry powder" for downturns. We share the chart as context on how one famous investor thinks about cash — not as a view on what you should do.
Curious what Buffett's weighting would look like on your own number? Our Cash Buffer tool does the math — it's a calculator, not a recommendation.
Try the Cash Buffer tool →📉 34 large caps have sold off hard
These names carry the lowest RSI in the index — price has fallen far and fast. That is a description of what already happened, not a signal to buy the dip; stocks can stay "oversold" for a long time. A few recognizable examples:
| Company | Price | RSI (14) |
|---|---|---|
| CTVA | $14.46 | 9.4 |
| PCAR | $106.85 | 17.8 |
| RTX | $180.28 | 19.2 |
| GD | $326.54 | 21.2 |
| PEP | $123.63 | 21.5 |
| O | $53.35 | 21.7 |
| CMCSA | $20.92 | 23.1 |
RSI(14), end-of-day. Dot shows position on a 0–100 scale (left = oversold). Shown as market color, not a buy list.
🔥 Only 12 names look stretched up
The hot list is thin — a sign this isn't an everything-rally. These names have run furthest, fastest. Same caveat in reverse: a high RSI is not a signal to sell.
| Company | Price | RSI (14) |
|---|---|---|
| WBD | $30.97 | 76.2 |
| MPC | $442.36 | 74.9 |
| SNPS | $502.55 | 74.7 |
| PBR | $24.00 | 74.0 |
| VLO | $424.12 | 71.8 |
RSI(14), end-of-day. Dot shows position on a 0–100 scale (right = overbought). Shown as market color, not a sell list.
💡 Patient market, patient Buffett
Put it together and the read is neutral, not frothy: average RSI near the middle, three times as many stretched-down names as stretched-up, and the neutral bucket dwarfing both. Meanwhile the most famous investor alive is sitting on a record cash pile. That's the market's temperature this week — context to think with, not a to-do list.