Short-Squeeze Sparks Rally as Bears Cover Bets
TL;DR Summary
A broad market rally is being driven by short-covering in heavily shorted stocks, with Goldman Sachs’ basket up over 13% this week and S3 Partners estimating about $93 billion of shorts covered this month. While indices rise on hopes tensions with Iran may ease, gains are uneven across sectors. Earnings are expected to grow around 12% year over year, and a generally bullish SPY outlook suggests more upside if results come in strong.
- Short Squeeze Fuels Market Rally as Bears Rush to Cover TipRanks
- The stock market’s most hated rally keeps getting stronger Yahoo Finance
- Short Squeeze Turbocharges Equity Rally as Riskiest Stocks Soar Bloomberg.com
- What’s next for investors after the stock market’s rebound? MarketWatch
- Everything is Faster Now A Wealth of Common Sense
Reading Insights
Total Reads
1
Unique Readers
22
Time Saved
14 min
vs 15 min read
Condensed
98%
2,963 → 73 words
Want the full story? Read the original article
Read on TipRanks