Betting Against Stocks: Muddy Waters' St. Jude Short

A few hours after Carson Block announced that he was shorting St. Jude Medical stock over hacking risks to the company’s pacemakers and defibrillators, the e-mails started stacking up in Billy Rios’ and Jonathan Butts’ inboxes. The two are top medical-device cybersecurity consultants, and they were inundated with inquiries from hedge funds, short sellers and other investors trying to make sense of the news -- or profit themselves from the trade by Block’s firm, Muddy Waters Capital. Bloomberg's Jordan Robertson has more on "What'd You Miss?" (Source: Bloomberg)

The Stock Market Doesn't Seem to Care About Oil
00:07 - The correlation between daily swings in the S&P 500 Index and crude has been roughly zero the past month, the lowest since January and far below the five-year highs reached in 2016 as the oil prices bottomed near $26 before staging a rebound. Bloomberg's Oliver Renick tracks the rotation in equities on "Bloomberg Markets." (Source: Bloomberg)
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