Summary
The volume of insider transaction is low, as earnings season is underway and insiders are broadly prohibited from trading while the companies at which the work are releasing results. The volume of geopolitical news that can move markets is up, even on ‘holiday weekends’ when the newsflow usually is light. And minute-by-minute developments are always possible, as corporate names, both big and small, make headlines with earnings and guidance. Meanwhile, insider sentiment, as expressed by the weekly data from Vickers Stock Research, had been running neutral for several months, took a bearish turn last week, and is only slightly better this week. On a scale where readings above 6.00 are bearish, the NYSE One-Week Sell/Buy Ratio this week is 8.16, the Nasdaq ratio is 8.33, and the Total ratio (all exchanges) is 7.44. From a sector perspective, five sectors delivered bullish one-week sell/buy ratios over the past week: Consumer Staples, Financials, Materials, Real Estate, and Utilities. Of note, all of these five sectors also held bullish eight-week sell/buy ratios. Conversely, Consumer Discretionary Industrials, and Information Technology all reported bearish one-week sell/buy ratios, with readings above 6.00 and based on above-average transaction volume for the week. While these three sectors all re
