Evercore Insider Sold Shares Worth $30,081,713, According to a Recent SEC Filing
Evercore(EVR.US) Officer Sells US$30.08 Million in Common Stock
$Evercore(EVR.US)$ Officer HYMAN EDWARD S sold 96,263 shares of common stock on Nov 6, 7, 8, 2024 at an average price of $312.5 for a total value of $30.08 million.Source: Announcement What is
Form 144 | Evercore(EVR.US) Officer Proposes to Sell 3.73 Million in Common Stocks
SEC FILLINGS DISCLOSED/ Nov 8, $Evercore(EVR.US)$ Officer HYMAN EDWARD S intends to sell 12,162 shares of its common stock on Nov 8, with a total market value of approximately $3.73 million. HYMAN
s&p 500 index first touched 6000 points, driven by information technology stocks.
After Trump won his second term as President of the USA, the s&p 500 index briefly touched the 6,000 mark for the first time on Friday. The significant increase in the US stock market in 2024 was mainly driven by large growth stocks sensitive to interest rates, as the market hoped for a decrease in borrowing costs and held an optimistic view on a soft landing of the US economy. The Federal Reserve cut interest rates for the first time in four years in September, followed by another 25 basis points cut in November. According to CME FedWatch data, traders believe there will be another rate cut this year. With the drive of companies like Nvidia, information technology stocks propelled the s&p 500 index. s&p 500 index.
"Trump trade" fizzled out, what is the market worried about?
The market is concerned that if Trump really fulfills his campaign promises, especially on tariff policy, the usa may see larger deficits and soaring inflation, immigrant workers being deported, which could lead to a significant decline in economic growth.
Market doubts policy difficult to implement, traders' enthusiasm for the "Trump trade" cools down.
After initially rushing into the 'Trump trade', some investors in certain asset classes are gradually lowering their enthusiasm, as they question whether Trump will pursue his ambitious tariff proposals as the President of the USA.