Stock Market Short Sellers That Helped Fuel This Year’s Rally Are Finally Giving Up
- Bulls outnumber bears by big margin in reversal from 2022
- Morgan Stanley sees ‘greater fragility’ in demand from quants
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A worrisome thought for the stock faithful: You won’t have the bears to kick around anymore.
Fresh off the strongest first half for the S&P 500 in five years, the rooting out of unbelievers has shown signs of picking up speed. A source of anxious buying when the tide turned upward, short sellers who came into 2023 preparing to feast have been backing away from positions as stocks rally.