Did Corporate Insiders Perfectly Predict the Market Top?

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&P 500 in September.

AccessTimeIconSep 24, 2020 at 7:00 p.m. UTC
Updated Sep 14, 2021 at 10:00 a.m. UTC
AccessTimeIconSep 24, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 10:00 a.m. UTC
AccessTimeIconSep 24, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 10:00 a.m. UTC

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&P 500 in September. 

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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?

August saw the largest volume of insider selling since 2015, with more than 1,000 corporate officers offloading $6.7 billion in stock. Subsequently, the market has seen a 10% decline since the S&P 500 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?

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