If you are betting against the U.S. stock market, here is some good news. Corporate insiders are in your camp. They’ve turned quite cautious after the market’s 7% rally from mid-March to mid-April.
The ratio of insider buying to insider selling — measured by the value of trades — recently fell well-below average. Below is a chart showing the ratio within the S&P 500 SPX. The same story plays out for Dow Jones Industrial Average DJIA and Nasdaq NDAQ stocks.
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