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Strong insider buying suggests a 15% rally in the S&P 500 from here

·8 min read
Strong insider buying suggests a 15% rally in the S&P 500 from here
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One of the troubling things about this market downturn is that as brutal as it got, corporate insiders never showed much interest in their discounted stocks. Using history as a guide, the S&P 500 (SPX) the Dow Jones Industrial Average (DJIA) and the Nasdaq Composite (COMP) stand to advance 15%-20% over the next three months. “Quality” means buying by insiders with strong records, buying by executives over directors who are further from the business, and bullish formations like cluster buys.