Stock Market News on S&P 500 Rally in June and Into July, 2023

Stock Market News on S&P 500 Rally in June and Into July, 2023

As the trillion-dollar AI rally gathers pace, pity the humans on Wall Street trying to figure out this gravity-defying market. With the S&P 500 Index staging an improbable 16% advance this year, being both bearish and wrong is making life awkward for the people paid to predict where equities will go next. After being blindsided … Read more

Short Bets on US Stocks Hit $1 Trillion, Most Since April 2022

Short Bets on US Stocks Hit $1 Trillion, Most Since April 2022

Short sellers are ramping up bets against US stocks even as paper losses on the positions surpass $100 billion. Total US short interest, or the amount traders have spent betting against US equities, exceeded $1 trillion this month as the S&P 500 Index extended its advance, S3 Partners LLC data show. The tally reached the … Read more