Good evening.
Stocks and crypto fall, CPI report drops tomorrow, and company insiders are selling at a record pace.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks fell on Thursday after climbing for three consecutive days.
Investors are waiting for the consumer price index (CPI) report, which drops tomorrow.
Analysts say we could see the highest inflation reading in nearly 40 years.
Stocks have swung back and forth in recent weeks but the overall trend is still upward.
The crypto market fell on Thursday, with Bitcoin trading near $48k, after China’s Evergrande defaulted on its debt.
Catch Up
Investors bought $6.7B worth of stocks last week — the highest weekly amount in four years.
Robinhood stock is down 74% from its peak in August 2021.
Company insiders have sold a record $63.5B in shares through November, a 50% increase from all of 2020.