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Did Corporate Insiders Perfectly Predict the Market Top?

Nathaniel Whittemore
·1 min read

In August, the volume of personally owned stock sold by corporate executives reached its highest level since 2015, followed by a 10% decline in the S&P500 in September. 

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Today on the Brief:

  • Initial U.S. jobless claims up to 870,000

  • Partial lockdowns begin in earnest in Europe and Israel

  • The global demand for American stocks

Our main discussion: Did corporate insiders perfectly time the market top?

Related: Stablecoins Hit $20B Milestone, a Nearly 300% Year-to-Date Surge

August saw the largest volume of insider selling since 2015, with more than 1000 corporate officers offloading $6.7B in stock. Subsequently, the market has seen a 10% decline since the S&P500 all time high of Sept. 2. What’s more, according to new statistics, insider selling is happening at the fastest pace since 2012. 

The question is: What do these executives know that the rest of the market doesn’t?

See also: Violent Reflexivity: Why Market Movements Are More Aggressive Than Ever, Feat. Corey Hoffstein

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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