While equities trade near records, it’s no longer companies with high tax rates or ones that rely disproportionately on economic growth that are pacing the gains.
As equity markets continue setting new highs, corporate insiders sold off $9.6 billion worth of stock in May, the highest level of insider selling in six years.
The third installment of BNY Mellon Investment Management’s series on investible themes under the Trump administration looks at the prospects for greater market volatility in the wake of policy and economic risks.