"Pergh, everyone who reads this article must be in a frenzy, afraid of the market falling."
In the midst of the S&P Global reaching an all-time high, many parties are currently worried that the market will fall due to a massive selling trend among the wealthy including billionaires and elites.
For example, recently, Jeff Bezos, who is the second richest individual in the world after having a net worth of $199 billion, was reported to have suddenly sold a stack of 50 million Amazon shares worth $8.5 billion.
While the Chief Executive Officer (CEO) of Meta Mark Zuckerberg took the same step where he sold around half a billion dollars of Meta shares and now he holds only $170 billion in shares.
In an equally surprising turn, JP Morgan CEO Jamie Dimon sold $150 million of his equity in the bank for the first time since 2005 while congresswoman and San Francisco representative Nancy Pelosi traded Nvidia shares as the government introduced its semiconductor bill.
The movement of influential people is usually considered an important sign following the main speculation regarding the sale of Dimon's shares is about a potential banking crisis, therefore investors are now questioning if a banking collapse is imminent.
In addition to many investors also wondering if the sale indicates the possibility of a cyber attack after Pelosi recently invested in a cyber security firm, reasons such as tax cuts and making small profits are always in the discussion.
So here it can be seen that the movements of the market giants are constantly being monitored as the unloading of the portfolio has created speculation among the public to wonder if the selling is a sign of a market crash.
There is no denying that there is no certainty yet about a market crash, but investors will now be closely watching key data, movements by influencers and even possible indications of a market downturn.
