👀 'Prospecting' for PSEC

Good afternoon and happy Sunday! Here is a quick market rundown and an ‘inside’ peek behind the curtains of what C-Level Execs, Wall St. Hedge Fund Gurus, and politicians are trading right now…!

📊 Market Recap — Week Ending Sept 26, 2025

• S&P 500: −0.3% for the week

• Dow Jones: −0.1%

• Nasdaq Composite: −0.7%

• Russell 2000: −0.6%

Late-week inflation data came in roughly as expected, helping markets finish Friday on a rally and snap a three-day losing streak. Despite Friday’s rebound, the week overall ended in modest red territory.

🔍 Key Drivers

1. 📉 Three-Day Losing Streak
   Stocks fell Tuesday through Thursday as bond yields climbed and traders weighed mixed economic signals.

2. 📊 Inflation Came In As Expected
   Friday’s PCE report showed inflation roughly in line, easing fears of a surprise — this sparked a relief rally to end the week.

3. 💼 Resilient Economy Surprised Traders
   A firmer GDP revision and strong consumer data raised doubts about how aggressive the Fed will be with cuts, keeping pressure on stocks midweek.

4. 🏦 Fed Policy Still in the Spotlight
   Rate cut odds for September/October remain the main driver. Traders are positioning daily around shifting expectations.

5. ⚡ Tech & AI Leadership
   Mega-cap tech and AI names (think NVDA, ORCL, others) carried gains early in the week, but momentum faded by Thursday.

✅ Why it matters: The market is torn between softening inflation data (good for cuts) and surprisingly strong growth (bad for cuts). Until the Fed decides, expect choppier, catalyst-driven trading.

Here’s what moved behind the curtain this week.

P.S. This newsletter was drafted Friday. Want these trade alerts as they happen? Join Elite Insider here.

🕵️ Insider Highlights – Week Ending Sept 26, 2025

✅ Top Insider Buys (Ranked by Confidence Signal)

1. John F. Barry (CEO, PSEC) – scooped up 741,000+ shares (~$1.9M).

   • 📌 Why it matters: When a CEO buys this aggressively, it’s a strong “skin in the game” vote of confidence. Barry has a long history of supporting his company through direct purchases.

2. James R. Crane (Director, WBIC) – bought 200,000 shares (~$4M).

   • 📌 Why it matters: Crane isn’t a small buyer — $4M shows conviction. Large director buys often indicate a belief the market undervalues the stock.

3. Michael J. Endres (Director, WOR) – purchased 10,000 shares (~$530K).

   • 📌 Why it matters: Not his biggest purchase ever, but notable since it’s his first buy in a while. Insider re-engagement after a pause can hint at a turning point.

❌ Top Insider Sells (Ranked by Potential Caution)

1. James Burke (CEO, VST) – sold ~21,000 shares (~$4.3M).

   • 📌 Why it matters: A CEO sale of this size grabs attention. While often tied to options or personal liquidity, it’s still worth flagging when leadership trims a big stake.

2. Christopher Gibson (CEO, RXRX) – sold 100,000 shares (~$476K).

   • 📌 Why it matters: Smaller dollar amount than Burke, but a CEO unloading six-figure shares can signal personal de-risking at a sensitive stage for a biotech name.

3. Emily Ho (CAO, SNOW) – sold 1,600+ shares (~$373K).

   • 📌 Why it matters: Modest compared to others, and accounting officers often sell after vesting cycles. Still, any C-suite activity at a high-growth software name gets noticed.

Takeaway:

• The buy side was CEO/director heavy — big signals of insider conviction at PSEC, WBIC, and WOR.

• The sell side looked more like housekeeping (option exercises, diversification), but Burke’s $4M disposal is the one to watch.

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