Summary
Last week, the Dow Jones Industrial Average fell 1.8%, the S&P 500 dropped 0.6%, and Nasdaq gained a mere 0.3%. But for the year, the Dow is higher by 16%, the S&P is up 27%, and the Nasdaq has popped 33%. If we were looking for results that aligned any better with current insider-sentiment data, we’d need to dig deep. Indeed, last week showed that stocks are priced at levels that may well be consider ‘dear,’ but nonetheless are not likely to plummet over the final weeks of 2024. Insiders have moved to the sidelines for multiples weeks, but in so doing have not tapped out by selling at a worrisome level. Instead, they have booked some reasonable end-of-year gains, but stayed in the game enough to show that the sky is not falling, nor it is likely to fall any time soon. By way of data evidence, all of the major eight-week sell/buy ratios from Vickers Stock Research are within the neutral zone that runs from 2.00 to 6.00. On a sector basis, insider buying was the greatest in Energy last week, with shares valued at $
