Investors have placed record short bets against the US stock market
Short sellers have placed record bets against the US stock market, according to a new analysis from S3 Partners.
The financial data firm says its measure of short interest in US stocks has hit record levels. While shorting is a natural hedging strategy among bullish investors, increased bets on a decline in US stocks aligns with concerns about high valuations and cracks in the AI narrative as investors questions the economics of colossal capex.
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Read MoreHow booze became a battleground in the Canada-U.S. trade war
For more coverage on Trump’s tariffs, click here:
When U.S. President Donald Trump announced a new 50 per cent tariff on most Canadian goods, one of the issues he cited as a “retaliatory and discriminatory” measure was the prohibition on the sale of American-made alcohol in many provinces.
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Read MoreNASDAQ Index, SP500, Dow Jones Forecasts – NASDAQ Rallies As Micron Soars 12%
Oil prices gained ground as U.S. – Iran fighting continued. There are no signs indicating that U.S. and Iran are ready to get back to negotiations. The situation may escalate as Yemen’s Houthis have recently announced that they imposed a maritime blockade on Saudi Arabian ports. At this point, Houthis have not attacked any vessels.
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Read MoreThe Number Tesla Stock Bulls Are Really Waiting for This Earnings Season Has Nothing to Do With Cars
As we approach Tesla’s (TSLA) Q2 earnings on July 22, Tesla shareholders are waiting for an update on a product that is likely to drive the company’s bull thesis in the future. While the focus has been on the deliveries and production numbers over the past decade, it is slowly shifting to a product CEO Elon Musk promised to deliver good news on by July.
The Burst
Market Commentary: 1 Pet Stock You Would Be Barking Mad To Overlook
Following a market correction in 2022 of about 20%, this year has been topsy turvy with some stocks doubling and others lagging like an anchor is tied to their share price.
PetMed Express falls into that latter category as losses mounted but the underwhelming performance has created a potential opening for value investors to get in at really low prices.
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Read MoreThe Ivy
Why Buffett’s Latest Move Is So Scary
Buffett says he doesn’t time the market but when you look at his past moves, it’s clear that the old sage uses metrics that happen to coincide well with smart market timing.
Take his purchases at the bottom of the market in 2008-09 when he deployed almost 50% of his cash pile within the space of just a few weeks in October 2008.
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