David I Kass | Source | Clinical Professor of Finance at University of Maryland, Robert H. Smith Scho...

This year has changed that. With tightening monetary policy, slowing economic growth and sustained supply-chain disruptions putting markets on edge, Mr. Buffett is in his element, said David Kass, a finance professor at the University of Maryland’s Robert H. Smith School of Business. “This is what I’d consider to be Warren Buffett’s sweet spot,” Mr. Kass said. “The almost wholesale selling in the market has provided Berkshire an opportunity to buy securities at bargain prices.”
"Warren Buffett Spends Big as Stock Market Sells Off," by Akane Otani, Wall Street Journal, May 16, 2022

2019 is likely to lead to another record year for the S&P 500. Corporate profits continue to grow and interest rates remain at historically low levels – even after three or four quarterly increases of a quarter percent by the Federal Reserve.