Possible review: V-month for stocks and massive insider purchases

May sale?

They certainly did, but instead of disappearing as the old stock market adage suggests, traders actively bought when falling, leading to some of the craziest monthly swings in recent years.

There was a sell-off in a large number of asset classes in the first half of this month due to doubts about economic data, mixed corporate profits, aggressive central banks, inflation, and China's lockdown policies.

US equities $S&P 500 Index(.SPX.US)$ It briefly fell into a bear market, down 20% from recent highs, but then the market began to lower expectations for US interest rate hikes. Weekly Review: Market Tendency to Start Stronger?!

Meanwhile, the stock sector most vulnerable to interest rate fluctuations — US tech stocks — plummeted 15% in the first 20 days of this month, then rebounded 12%.

Nasdaq Composite Index $Nasdaq Composite Index(.IXIC.US)$ By the end of May, it was down 2.1%. This is narrower than the fall in April, when the index fell 13%, but remained unchanged in the bear market, falling 23% this year.

2. Record buybacks and internal acquisitions
In May, S&P 500 buybacks were the strongest since March 2020, according to VerityData. Also, in May, for the broader small-cap index Russell 2000, stock buybacks surpassed sales for the first time since March 2020.

Executives bought company shares at the fastest rate since the COVID-19 pandemic in 2020. Some Wall Street analysts say this is an encouraging sign for the US stock market.

Analysts at J.P. Morgan Chase said on May 27 that at a time when retail investors are leaving the stock market and the US economy is slowing down or the threat of recession looms, the views of business insiders on most industries are contrary to market consensus and are going crazy. “Buy the bottom” and keep falling our own stocks.

Analysts at the bank said that “record” corporate buybacks indicate that the US stock market is about to hit bottom and rebound.

Details of stock purchases by the top 10 insiders by cost are as follows: $Seven Hills(SEVN.US)$ , $Tradeup Acquisition Corp(UPTD.US)$ , $Runway Growth Finance(RWAY.US)$ , $Occidental Petroleum(OXY.US)$ , $尼尔森(NLSN.US)$ , $Siacoin(SC.CC)$ , $ServiceSource International(SREV.US)$ , $Carvana(CVNA.US)$ , $HP Inc(HPQ.US)$ , $Korab Resources Ltd(KOR.AU)$ .