JPMorgan: The Stock Market Still Has $90 Billion in Short Sales Left to CoverBy
Levels of bearish bets have not come down much since August
The S&P 500 is up more than 7 percent since bottoming Aug. 25
Here’s an awkward fact for anyone attributing the three-week climb in the Standard & Poor’s 500 Index to bearish investors unwinding trades: over that stretch, short interest hasn’t budged.
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