Billionaires Dumping Stocks at Record Pace | | |
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Billionaires are cashing out of stocks at a record pace right now. The disturbing reason behind this move could soon accelerate the market's downturn. Tech stocks are already off to their worst start since 2008. Consider Tesla, for example. Though it's still a beloved company by many, Elon Musk recently dumped $12 billion of his own shares, for a selfish motive that could soon rock the market. And he's not alone. The wealthiest Americans have recently sold more than double the amount of stock as they did in all of 2020, a trend that could soon worsen. If you own any "brand-name" stocks, take action now. The market just saw its worst week since March 2020 - and what's happening among the wealthiest CEOs could soon cause a disaster. | | |
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Regards, Marc Gerstein
Director of Research, Chaikin Analytics This ad is sent on behalf of Chaikin Analytics, 201 King Of Prussia Rd., Suite 650, Radnor, PA 19087. If you would like to opt out from receiving offers from Chaikin Analytics, please click here. Please note that this does not unsubscribe you from this newsletter. The link for which is below. | | |
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