Excerpt from CNN Business quoting DataTrek’s Nick Colas:
…. “Maybe they are literally just figuring out their own personal balance sheets. These are real people making real economic decisions,” said Nicholas Colas, co-founder of DataTrek Research.
Colas added that corporate executives may also be choosing to cash in chips because they fear for their own jobs as companies mull cost-cutting during the pandemic”….
Read the full article here in CNN Business!