Shorts Won’t Leave Industrial Stocks Alone as Economy Sows Doubt
- Bearish bets on industrial stocks have tripled in one month
- Industrials bearing brunt of economic worries, investor says
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After a stellar run in the winter that made them among the market’s high fliers, industrial stocks have now seen investor euphoria all but evaporate.
Machinery makers and transportation providers, which in late April traded within points of a record, now have investors wagering on their demise. Short bets on an exchange-traded fund tracking the group nearly tripled in one month, according to Markit Ltd. data compiled by Bloomberg.