by Theodamusei
33 amazon insider stock sells and 0 insider buys in the past 3 months.
98 amazon insider sells and only 1 buy in the past 12 months
Insiders bought 3.4k shares while insiders sold 3.28 MILLION shares. https://www.nasdaq.com/market-activity/stocks/amzn/insider-activity
AND “PayPal warns that consumer spending is about to fall sharply” https://amp.cnn.com/cnn/2022/02/02/investing/paypal-consumer-spending-stock-earnings
Based off of this I’d say stay home from the market Thurs & Fri kiddos😬
Paypal CFO John Rainey said “the impact of Omicron and the effect of inflationary prices combined with lack of stimulus, is having an impact on spending” and that this is “most pronounced” on lower income users.
Also remember calculating inflation properly indicates inflation for consumers is now 15% http://www.shadowstats.com/alternate_data/inflation-charts
i.e. the poors really do be broke now and have less money to buy frivolous bullshit with.
Thoughts?