Being that the next couple of months is not our time frame for client portfolios (not even close!), we have to look beyond the very short-term, and dig much deeper, to assess what looms further out.
In recent video commentaries I've been pointing to technical indicators that suggest that the "smart money" may be fading (selling into) the latest moves higher. The following cited by former senior Fed adviser Daniel DiMartino Booth supports that notion:
"In the month through September 26, Trimtabs tracked $14.2 billion of corporate executives’ insider share sales, the highest for any September in the past decade. But persistence is what counts even more. September also marked the sixth consecutive month that insiders unloaded $10 billion or more of their shares on a monthly basis, the longest stretch since 2006."
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