Insiders Are Buying Up Stocks in Sign November’s Equity Rally Has Room to Run
- It’s seen as vote of confidence amid $5 trillion share advance
- Fed pivot, profit recovery fueling broad market optimism
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Clued-in investors big and small are bidding up stocks, a fresh sign of confidence that November’s impressive equity rally has room to run.
In a month where $5 trillion has been added to share values, Goldman Sachs Group Inc.’s corporate clients showed a “big tick up” in repurchase activity. Same thing at the buyback desk at Bank of America Corp., which just had the busiest week of execution orders in the firm’s data history.