US bank executives selling shares
US bank executives had been selling their shares.
Bank executives, unlike non financial (technology, industrial) executives, are experts in valuating stocks.
For them to sell off their stocks could imply that they think that their stocks are fair value or overvalued, this means much of the interest rate hike expectation had been priced in.
Bank executives, unlike non financial (technology, industrial) executives, are experts in valuating stocks.
For them to sell off their stocks could imply that they think that their stocks are fair value or overvalued, this means much of the interest rate hike expectation had been priced in.
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