Argus

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Mar 10, 2026

Summary

Insider sentiment, as detailed by weekly data from Vickers Stock Research, has been cautious for months now. And with the outbreak of hostilities in the Middle East, sentiment has not improved. Last week, two sectors (Communication Services and Industrial) booked a bearish Eight-Week Sell/Buy Ratio from Vickers. This week, that number is up to six sectors (Communication Services, Energy, Industrial, Information Technologies, Materials, and Utilities). Sectors that have a bullish eight-week ratio are now three compared to four last week. They are Consumer Staples, Financial, and Real Estate. On an exchange basis, all of Vickers' Eight-Week Sell/Buy Ratios remain in neutral territory, but closer to bearish (6.0 and higher) than bullish (2.0 and lower). The NYSE eight-week ratio is 5.33, the Nasdaq logs in at 5.20, and the Total (all exchanges) eight-week ratio is 5.16 From a shorter-term sector perspective, four sectors delivered a bearish one-week ratio over the past week: Communication Services, Energy, Materials, and Utilities. While the volume of transactions was slightly above average in Energy, volume was below average for the three other sectors. Meanwhile, four sectors delivered a bullish one-week sell/buy ratio: Consumer Discretionary, Consumer Staple