The Corrupt News Network (CNN) is spreading recession fear again.
Take a look at what CNN said…
“Corporate insiders have sold an average of $600 million of stock per day in August, according to TrimTabs Investment Research, which tracks stock market liquidity.
August is on track to be the fifth month of the year in which insider selling tops $10 billion. The only other times that has happened was 2006 and 2007, the period before the last bear market in stocks, TrimTabs said.”
Now let’s take a look at what happened to the world’s most bearish hedge fund.
Horseman Global has a 95% net short position.
In 2019, the fund went “all out” bearish.
Their YTD performance is now down a whopping 22%.
And many of their investors are bailing. Net assets for the fund are down to $263m, from $488m a year ago and $654m in August 2017.
Russel Clark, Horseman’s Investment Manager, said “I am more confused by why people are not more bearish.”
Two words… Donald Trump.
Three charts show investors should get ready for a big rally in the stock market in September