Billionaire CEO Stock Buys Could Signal The Market Bottom
Billionaire CEO Stock Buys Could Signal The Market Bottom
Summary
- Billionaire CEOs have been buying stocks through the past several days as the stock market crashes to new lows.
- Elon Musk started the trend of scooping up companies with his Twitter bid and now the CEOs of Starbucks, Spotify, and FTX have followed suit.
- When billionaire insiders buy stocks then investors should pay attention. This could be the bottom of the market.
Billionaires, CEOs, and insiders are going on a buying spree lately with major indices trading at much lower levels. The S&P 500 is down 17% YTD while the NASDAQ is down 27% YTD.
I find it interesting to closely track insider buying because CEOs know more about their businesses than anyone else.
With all the …
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