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Copy insiders and buy these stocks — because they see no recession looming

With everyone from DoubleLine Capital’s Jeffrey Gundlach to inverted yield curve disciples now forecasting a recession, it must be time to join the crowd and sell stocks, right?

Actually, this is exactly the wrong thing to do right now.

So say the “forecasters” with the best view on the economy: corporate insiders.

In the 5%-7% decline in the S&P 500 SPX, +1.48% , Dow Jones Industrial Average DJIA, +1.44% and Nasdaq Composite COMP, +1.95% since I suggested it was time for caution on stocks, insiders have stepped up to buy a big way.

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