Insider Buying Week 6-02-23 Animal Spirits Return
Animal spirits returned in force last week. The average insider returned 7.96% and a median return of 6.61%. The S&P 500 scorched 3.97%. The safe money crowd collecting their guaranteed 4%-5% is near the half-year point. They’ve earned a little less than their guaranteed 2%. That’s 2% for the year to date when the market just turned in twice that for a week. Fear of missing out, FOMO, is a dangerous thing. One way to avoid that investment mistake is to pay attention to what insiders are doing. Normally they don’t chase their stocks in a FOMO moment. They are … Read more