Summary
We’ve highlighted cautious insider-sentiment for several months now, but also noted that selling by insiders into a consistently rising market is not unusual. So while ‘caution’ has been our word of choice, we haven’t called for a major equity correction. More recently, volatility has spiked in the form of rotation from semiconductors to almost anything else, a belief that the Fed will indeed cut rates in September, the attempted assassination of Donald Trump, a massive IT breakdown that crippled many global entities, and the suspension of Joe Biden’s presidential campaign. There are indeed many reasons to feel some uncertainty — and in keeping with that, the weekly insider-sentiment data from Vickers Stock Research has pushed deeply into bearish territory. But one week is not a trend, and the current data is built on low transaction volume because of trading restrictions during earnings season. So while we’re still not ready to ring any alarms — and might even call any reset in stocks prices healthy for the long term — we’ll continue to monitor the trading activity of corporate insiders to see if this one-week spike shows signs of growing. On a sector
Upgrade to begin using premium research reports and get so much more.
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email news@emeatribune.com Follow our WhatsApp verified Channel
