Insiders Cashing Out
The S&P 500 just managed to pull off its fastest reversal in history from a 15% drop as animal spirits continued to rule markets. The CNN Fear & Greed Indicator has been firmly in greed territory for the better part of two months and company insiders have used this opportunity to sell in size. As discussed in our last Insider Weekends article, Oracle’s CEO Safra Catz sold $1.56 billion worth of the company’s stock in a single week and Michael Dell wasn’t far behind with a $1.22 billion sale in one week.