CEOs are selling stock. That could be a bad sign for the epic market rally

Yet there are signs that at least some leaders of Corporate America are skeptical about the sustainability of a mega rally that has catapulted the S&P 500 by 51% since the March 23 lows.CEOs, leading shareholders and other senior executives are rushing to take chips off the table. Robinhood is now worth more than $11 billionSo-called insiders have dumped more than $50 billion worth of shares since the start of May, according to TrimTabs Investment Research.

"Insiders may be looking at stocks and saying, 'The market has gotten way ahead of itself,'" said Marc Chaikin, founder of Chaikin Analytics, a quantitative investment research firm based in Philadelphia. Yet those concerns among insiders don't alter the driving force of the market rally: easy money from the Federal Reserve.Barrick Gold's stock soars after Warren Buffett's company buys a stake"The market doesn't care.

Finally some obvious truth from CNN

Hey there is cnn news word “could” again!

is ove-analyzing it. That's just the reality of the market. It's called profit taking. Then you can still buy it

CNN would love a market crash, wouldn’t they?

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Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »