The alarming trends in insider trading continued in the latest week. Total selling amounted to another high reading of $528.76MM. Buying was higher on the week at $33.5MM, but remains at very low historical levels. This lack of confidence in their own companies was clear in last week’s Business Roundtable Survey. It has also been apparent in recent earnings where organic growth continues to be a missing component. Although insider trading has not proven to be a reliable near-term indicator it is likely more evidence that the fundamental picture behind the recent rally remains very fragile and questionable.
Notable purchases:
Notable sales:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.