Insiders are finally beginning to throw in the towel right now.
After a historic run, insiders want to realize their profits.
The next few months are going to be much more volatile for equity investors.
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) July 26, 2024
Have insiders been expecting a pullback on weaker economic data and weaker earnings forecasts? Insiders may sell stock for a variety of reasons, but for the majority of July, we've had multiple directors and 10% owners selling stock near all-time highs. This is another nice… pic.twitter.com/aCr7MtqXTM
— Anthony Sandford (@AnthonySandford) July 24, 2024
Historical Analysis: Unemployment Rate
Dating back to 1949, there has never been a time when an 11% year-over-year rise in unemployment didn't coincide with a recession.
In June 2024, the year-over-year rise in unemployment was measured at 13.9%.
Relevance of the Unemployment… pic.twitter.com/C9XQZmSt3S
— Reef Insights (@ReefInsights) July 26, 2024
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