Summary
In this commentary last week, we described the weekly insider-sentiment data from Vickers Stock Research as being stable after multiple weeks of bullish movement. This week, the song remains very much the same. Mirroring the sentiment in the broader market of late, insiders appear to think it is unlikely that share prices will convincingly recapture all-time high territory — but also don’t seem inclined to believe another steep drop is imminent. It is hard to manage a business on 90-day mandates, and similarly hard to invest for the long-term with ongoing volatility in the news cycle. End of day, the current eight-week sentiment barometers from Vickers fall in line a follows (with any ratio below 2.00 bullish and any ratio between 2.00 and 6.00 neutral). The NYSE Eight-Week Sell/Buy Ratio is now 2.04, neutral and slightly worse than last week; the Nasdaq Eight-Week Sell/Buy Ratio is now 2.66, neutral and slightly better than last week; and the Total (all exchanges) Eight-Week Sell/Buy Ratio is now 2.30, neutral and flat with last week. Insider selling outpaced insider buying across all sectors over the last week, but insider buying in the Industrial sector lagged selling by a factor of just 2.7-times. Selling
