Bets against the stock market are hard to come by these days, but that’s not necessarily good news to Wells Fargo.
Short interest in the S&P 500 has remained near historic lows for a large portion of 2021 as the U.S. equity benchmark has climbed to new heights. That’s concerning in the longer term, as higher short interest levels tend to help minimize price gapping when the market is faced with unexpected risks or shocks, said a team of strategists including Christopher Harvey in a Thursday note to clients.
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October 28, 2021 at 09:52PM
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S&P 500 Short Bets Are Worryingly Scarce, Wells Fargo Says - Bloomberg
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