Insider selling has reached its highest level since 2021. Thousands of sell orders have flooded the market in just the past few days. Executives, founders, and insiders are selling shares on a massive scale. This isn't market noise; it's position sizing. This also helps explain the S&P 500's weak performance in March. According to filings with the U.S. Securities and Exchange Commission (SEC) in the first 20 days of March: • Total insider trades: 4,372 • Buy volume: $2.3 billion, totaling 1,020 trades • Sell volume: $21.4 billion, totaling 3,352 trades • Net cash flow: $19.1 billion, facing selling pressure This is highly unusual. When those closest to a company start actively selling shares, it usually means one thing: They've seen information the market hasn't fully digested. Now, here's the interesting part that most people overlook: Almost every time we see this behavior, the luxury goods market follows suit. Yachts. Watches. Private assets. Liquidity doesn't disappear; it just rotates. Savvy investors will withdraw from public markets, and reallocate their funds to hard assets, private assets, and luxury goods. This is how the world truly works.