Market Digest: REG

Summary

Insider sentiment, as represented by weekly data from Vickers Stock Research, suggests that corporate executives, directors, and beneficial owners remain on the sidelines in a period of volatility. But with big swings lower and higher (in August) and a recent trend lower (not unexpected in the relatively awful - for stocks - month of September), waiting for the sentiment pendulum to slow is likely not a bad plan. To that end, the current one-week sell/buy ratios from Vickers align with the current eight-week sell/buy ratios, a condition that results in no leading indicator - be that higher or lower. September will pass, the U.S. presidential election will resolve, and the often-better final months of any year for stocks are ahead. But for now, wait-and-see is the order of the day for insiders. On a sector basis, there was notable insider buying in the Energy sector, with shares valued at $73 million bought versus no shares sold. Insider buying also outpaced selling in the Communication Services sector by a factor of 1.1-times. On the flipside, selling