Quote of the Day

As you’ve noticed, I’ve been calling your attention to presently high levels of short-interest and the short-covering phenomenon throughout the course of what has been a most impressive rally off of the March lows.

Per Bloomberg senior editor for markets John Authers, it appears as though indeed that has been a huge driver of higher stock prices of late: 

Emphasis mine…

“It is rather more discouraging to look at what Buckland
thinks may in fact have been driving the market. If we look at Citi’s measure of short covering over the last decade, we find that it hit a peak a week or so ago. It looks very much as though this market rally has been driven by short-sellers, who enthusiastically bet against the market, deciding to take their profits while they still had some. The fact that short-sellers felt the need to do this is an interesting and positive sign — but it does suggest that the confidence that has brought the market this far is built on slim foundations:”


Oh, and by the way, those short-sellers in SP500 futures contracts are far from giving up at this point:


Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.
vulkan vegas, vulkan casino, vulkan vegas casino, vulkan vegas login, vulkan vegas deutschland, vulkan vegas bonus code, vulkan vegas promo code, vulkan vegas österreich, vulkan vegas erfahrung, vulkan vegas bonus code 50 freispiele, 1win, 1 win, 1win az, 1win giriş, 1win aviator, 1 win az, 1win azerbaycan, 1win yukle, pin up, pinup, pin up casino, pin-up, pinup az, pin-up casino giriş, pin-up casino, pin-up kazino, pin up azerbaycan, pin up az, mostbet, mostbet uz, mostbet skachat, mostbet apk, mostbet uz kirish, mostbet online, mostbet casino, mostbet o'ynash, mostbet uz online, most bet, mostbet, mostbet az, mostbet giriş, mostbet yukle, mostbet indir, mostbet aviator, mostbet casino, mostbet azerbaycan, mostbet yükle, mostbet qeydiyyat