Another week of near-nonexistent insider buying, accompanied by many stocks making 52-week highs or all-time highs.
Another week of near-nonexistent insider buying, accompanied by many stocks making 52-week highs or all-time highs. Beat and raise quarters by Meta, Microsoft, and Amazon pushed the averages higher even with the Fed-dampening interest rate cut expectations and Friday’s blowout job numbers. The market reversed direction Friday and headed higher. Once the rash of normal insider selling after earnings subsides, the market seems higher to me. If it quacks like a duck, walks like a duck, and swims like a duck, it’s a bull market, especially if you own Microsoft, Nvidia, and Amazon. Apparently, you don’t need insider participation for … Read more