According to @KobeissiLetter, only 151 S&P 500 companies experienced insider stock purchases in July, marking the lowest figure since at least 2018. Although insider selling slowed compared to June, the drop in purchases was even steeper. This led to a significant decline in the insider buy-to-sell ratio, signaling reduced insider confidence during the market rally. Such insider activity often acts as an early indicator for traders, suggesting caution for both equity and crypto markets due to potential shifts in overall risk sentiment (source: @KobeissiLetter).

According to Eric Balchunas, corporate insiders have been actively purchasing US stocks, with the ratio of buyers to sellers climbing to 0.46 in March, marking the highest level since last June, as reported by NKniazhevich.