Alternate headline: The Fed’s actions have set up for the best selling opportunity since just before the GFC. The clock is ticking.

See www.cnn.com/2020/08/17/investing/insider-selling-stocks-market/index.html

New York (CNN Business)US stocks are on the cusp of a remarkable feat: setting new all-time highs during the middle of a pandemic.

Yet there are signs that at least some leaders of Corporate America are skeptical about the sustainability of a mega rally that has catapulted the S&P 500 by 51% since the March 23 lows.
CEOs, leading shareholders and other senior executives are rushing to take chips off the table.

So-called insiders have dumped more than $50 billion worth of shares since the start of May, according to TrimTabs Investment Research. August is on track to be the third month of the past four where insider selling exceeded $15 billion, TrimTabs said. Insider selling is at a pace unseen since 2006.
The pace of insider selling could be a warning sign for the booming market because insiders, by definition, are privy to more information about the true health of their companies than average investors. And if they were confident in the market rally, insiders would be unlikely to sell now. Yet many are heading for the exits just as markets make new milestones.

 

Did Warren Buffett just bet against the U.S. economy? His latest investment raises some questions

www.marketwatch.com/story/did-warren-buffett-just-bet-against-the-us-economy-his-latest-investment-raises-some-questions-2020-08-16

Warren Buffett has long been critical of gold as an investment, saying that it “has no utility” and that the “magical metal” is no match for “American mettle.” He once wrote, “Anyone watching from Mars would be scratching their head” over how we treat the shiny stuff on this planet.

Yet the Berkshire Hathaway just acquired nearly 21 million shares of Barrick Gold GOLD, worth $563 million, while selling shares of Wells Fargo and J.P. Morgan Chase.