CEO has sold or intention to sell shares.
$ProShares UltraPro Short QQQ ETF(SQQQ.US$ Bezos sold 1.67million shares in Amazon last week. Sold another 8 to 10 million shares in Amazon yesterday. Jamie Dimon, chairman & CEO of JPMorgan Chase planned to sell 1 million JPMorgan shares next year. He told investors that he was concerned about the risks to the economy. What did all these high profile gentleman see that we dun see? Last week, corporate buyback estimated by UBS was US$40 billions. Will there still be corporate buyback when borrowing cost is at around 5%pa & tax is implemented next year? Many articles told us that there will be recession after inverted yield curve has happened. Hence, can Mr Market maintain at this high level in these high inflation, high interest rate & QT environment together with a recession economy next year?
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intuitive Jackal_354 : yes they are trying to steal your money