Billionaires And CEO’s Are DUMPING All Their Stocks, Get Ready
The stock market has been on a record-breaking rally in 2023, with the S&P 500 index surging more than 15% since the start of the year and reaching new all-time highs. However, not everyone is optimistic or confident about the future of the market, as some of the richest and most powerful people in the world are selling their stocks at an unprecedented rate. According to a report by CNBC, billionaires and CEOs dumped around $9 billion worth of stock in the first half of 2023, the highest amount ever recorded for the same period, and the trend doesn't seem to be slowing down. Why are these influential investors and leaders cashing out their shares, and what does it mean for the rest of us?
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