Summary
Earnings season is about to begin (which might push stocks higher), stocks already are at all-time highs, investors are increasingly optimistic that interest rates will start to come down soon — and corporate insiders increased their selling activity last week. But putting that all in perspective, it is important to note that insiders historically increase selling rates as stocks move higher and higher, taking some money off the table in shares for which they may have paid little or nothing. Also of note is that insiders are entering a period in which they will be limited in their ability to trade because of restrictions in place during earnings season. So they need to trade now or hold their cards for the better part of a month. At the end of the day, we are hard-pressed to ring alarm bells based on current insider sentiment. On a sector basis, selling by insiders last week was greatest in Consumer Staples, with shares valued at $554 million sold, followed by Information Technology ($293 mil
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