Day: December 14, 2024

unusual_whales: President-elect Trump has named ex-senator David Perdue as US ambassador to China. But he has traded unusually in the past.

As a Senator, David Perdue’s biggest purchases in February 2020 were PFE, repeatedly buying it for $260k. Just two weeks later, PFE announced they were working on a COVID-19 vaccine with BioNTech. Senator Perdue did not purchase any other pharma stocks in the months before or after. submitted by /u/XGramatik [link] [comments]

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unusual_whales: Kelly Loeffler, a former senator and influential Republican donor, was picked to lead the Small Business Administration. She was investigated by the DOJ for unusual trading.

Previous Senator Loeffler was told about COVID’s severity on Jan 24 2020. Then between Jan 24 to Mar 11, she sold off $4.6M in stocks. Her husband, NYSE CEO, sold off $18M ICE. After the market dip when infinite QE was confirmed, she bought $4.5M again. submitted by /u/XGramatik [link] [comments]

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More Details on Suchir Balaji’s Death. On October 24, an article was published, and on December 14, Suchir Balaji passed away. Balaji was reportedly a key witness for Elon Musk in a lawsuit and case concerning the alleged misuse of ChatGPT in its commercial application.

“If you believe what I believe, you should leave the company,” he said during a series of interviews with The New York Times. In a new twist in the world of artificial intelligence, former OpenAI researcher Suchir Balaji publicly exposed the company’s practices and its use of copyrighted data. Balaji, who worked at OpenAI for nearly four years, played a significant role in collecting and organizing vast amounts of internet data to train AI models like ChatGPT. However, as he became aware of the legal and ethical implications of these practices, he decided to leave the company in August 2024. At just 25 years old, Balaji admitted that, initially, he did not question whether OpenAI had the legal right to use the data—most of which was protected by copyright. He assumed that publicly available information on the internet was free for use. Over time, especially after the launch of ChatGPT in 2022, doubts arose about the legality and ethics of such practices. “If you believe what I believe, you should leave the company,” he reiterated during his interviews with The New York Times. According to Balaji, using copyrighted data without the creators’ consent is not just a violation of the law but a threat to the integrity of the internet itself. This realization led to his departure from OpenAI, even though he has yet to secure a new job and is currently focused on personal projects. https://preview.redd.it/fj69jv8n5u6e1.png?width=1280&format=png&auto=webp&s=d05b77901d6e49b844a85eab5710d6ac55aa966f submitted by /u/XGramatik [link] [comments]

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TKL: As stocks hit all-time highs, corporate executives are cashing-out of their stocks at RECORD levels. In fact, there are now nearly 6 TIMES more insider sellers than buyers. Why are insiders cashing out of the “strongest” market in history? What is happening here?

Here’s a chart showing the ratio of insider sellers to buyers over time. Not even the onset to the 2008 Financial Crisis saw insider stock sales as high as they are right now. For every insider buyer, there are now ~6 insider sellers. Are corporate executives calling a top? https://preview.redd.it/0ah5640s6u6e1.png?width=900&format=png&auto=webp&s=5b9463eadd9eddd108d2abe72ae24e5455e8f9b3 Take a look at Jeff Bezos’ stock sales of Amazon, (AMZN) this year. Jeff Bezos ALONE sold another $1.25 billion worth of (AMZN) in November. This brings his total insider sales in 2024 up to a whopping $12.5 BILLION. Never has he cashed out so much stock in a single year. https://preview.redd.it/rf2rc08x6u6e1.png?width=900&format=png&auto=webp&s=f83275fe8399798a02e8d508db24d137007631c0 Last week, Mark Zuckerberg cashed out another $153 million worth of Meta stock, META. This brings his total sales over the last 12 months to ~$2.4 billion. META has hit multiple all time highs this year and is now worth over $1.5 trillion for the first time in history. https://preview.redd.it/u1o84hk37u6e1.png?width=900&format=png&auto=webp&s=97bc45b478d65aa97f5b8b812767708fb7d317bb This comes at a time when the S&P 500 is now on track for its 2nd straight annual gain of 24% or more. The last time this happened was in 1998 before the Dot-com bubble popped in 2000. Again, despite a historically strong market, insiders are cashing out as we head into 2025. https://preview.redd.it/od000i767u6e1.png?width=871&format=png&auto=webp&s=438a21384cdeff7374c0cd9d308b095da0ec2e6d Nvidia, (NVDA), insiders have also been selling with ~$1.85 BILLION of YTD sales. Total sales have been ~11 million shares year-to-date, the most since at least 2020. This comes after CEO Jensen Huang completed the sale of 6 million shares under a pre-determined sales plan. https://preview.redd.it/t60ytpra7u6e1.png?width=680&format=png&auto=webp&s=2dc711d89b3d47f8a9ff08e5526ccdf9b0891e78 Meanwhile, the cost of puts on the S&P 500 has become incredibly cheap. In other words, purchasing downside protection in current market conditions is near record lows. As the majority of market participants expect higher prices, insurance becomes concerningly cheaper. https://preview.redd.it/dr7bqx0e7u6e1.png?width=811&format=png&auto=webp&s=78db87b7acafdee4596213d4bc61480ae29b7082 Lastly, as corporate executives cash out, individual investors are more bullish than ever. 46% of US individual investors see a 10% or less chance of a market crash. This is the highest percentage since 2006. https://preview.redd.it/rwsi5dgh7u6e1.png?width=680&format=png&auto=webp&s=4dea91ce5f61435d6d9259c8ea2667dafefecb3b submitted by /u/XGramatik [link] [comments]

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Ripple week in review: Can XRP’s recent pullback prove a slingshot effect

XRP weekly active addresses dropped by over 180K after its recent price correction. XRP investors continue record profit-taking for the second consecutive week with nearly $2.2 billion in realized profits. Funding rates reset could spur a fresh XRP rally to new highs. submitted by /u/Denchock [link] [comments]

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The SEC has launched an investigation into Elon Musk’s Neuralink startup.

The billionaire himself announced this on the social network X, where he published a letter from his lawyer. The Securities Commission demanded that Musk agree to a cash payment, otherwise the entrepreneur would face a number of charges, according to the letter. It is not specified what charges are being referred to. submitted by /u/Denchock [link] [comments]

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Another blow to Macron: Moody’s has cut France one notch from Aa2 to Aa3 and changed the outlook to stable from negative, citing weakening public finances due to political fragmentation which will constrain the scope & magnitude of measures that could narrow large deficits.

Expects the deficit to stand at 6.3% of GDP in 2025, before gradually decreasing to ~5.2% in 2027. As a result, debt-to-GDP ratio would increase from 113.3% in 2024 to ~120% in 2027. submitted by /u/XGramatik [link] [comments]

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