There's little doubt that short covering boosted the market since December, but with NASDAQ shorts at 10 year lows (as of the last update) and now NYSE shorts come in at a second consecutive lower low, a 4 year low, that component of market momentum is being taken out of the picture.
Here's the NYSE short Interest just released this morning...
NYSE 4 year low short interest for 2 consecutive months.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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