Gauges Show Bullish Posture on Stocks Before Jackson Hole: ChartBy
Short-selling in U.S. stocks is dwindling after reaching the highest level since the financial crisis, according to data compiled by Bloomberg. At the same time, a BNP Paribas SA gauge of equity sentiment called the Love-Panic index is hovering at its highest levels in 10 months. It’s further indication of investor bullishness before Federal Reserve Chair Janet Yellen’s speech in Jackson Hole on Friday -- an event that has, on average, sparked gains in the S&P 500 Index since 2010.
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