Replies to post #21392 on The Rising Influence of Rising Affluence

[DewDiligence]

Thanks for your thoughtful justification.

[DewDiligence]

Corporate insiders are buying stock—energy companies in particular:

https://www.wsj.com/articles/whos-betting-on-a-rebound-in-stocks-corporate-insiders-11585220400

Corporate insiders are buying stock in their own companies at a pace not seen in years, a sign they are betting on a rebound after a coronavirus-induced rout.

More than 2,800 executives and directors have purchased nearly $1.19 billion in company stock since the beginning of March. That’s the third-highest level on both an individual and dollar basis since 1988…

…Insiders from 1,201 companies have purchased shares so far this month, far outpacing the 685 companies where insiders sold. In February, in comparison, insiders at only 558 companies purchased shares, while those at 1,036 companies sold…

… Insiders within the energy and materials sectors have appeared particularly bullish this month, according to an analysis by Ned Davis Research Inc…