Summary
Earnings season is drawing to a close, so many insiders are free to trade again without seasonal restrictions. But just in time, investors are again worried about rising inflation and the associated move higher in Treasury yields. Meanwhile, the war in Iran is stuck in place, with the critical Strait of Hormuz still locked down. Despite all of that, the insider-sentiment data from Vickers Stock Research suggests that insiders are looking beyond near-term obstacles and are increasingly optimistic. On a scale where readings below 2.00 are bullish, readings from 2.0 to 6.0 are neutral, and readings above 6.00 are bearish, the current NYSE One-Week Sell/Buy Ratio is 2.45, improved from 6.75 last week; the Nasdaq ratio is 3.44, improved from 6.20 last week; and the Total (all exchanges) ratio is 2.98, improved from 6.34 last week. Drilling down to sectors, long-term sentiment data is largely unchanged from last week, with only one sector seeing enough momentum to move to a new sentiment rating. The Real Estate sector now has to a long-term bullish insider-sentiment reading, with its eight-week ratio now at 1.6 from a neutral 2.6 last week. Meanwhile, and in keeping with the above, one-week sentiment turned predominantly bullish, with eight sectors now recording bullish One-Week Sell/Buy Ratios, including the Communication Services, Consumer Discret
