Short interest increasing as stocks enter bullish July, potential short squeeze, positive.

From Nasdaq: 2024-07-01 09:06:37

US equity gauge could plummet to 4,200 by year-end, a 23% drop from Thursday’s close. The S&P 500 surpassed 5,500 briefly after a key inflation measure showed signs of cooling.

JP Morgan predicts a second-half market plunge despite past election year trends. The SPX closed lower Friday but remained flat for the week.

June ended with a new monthly closing high for the S&P 500, signaling ongoing positive price action and potential for further gains. July historically has been a strong month for equities, with a positive mean average return.

Rotation into different sectors seen in recent trading sessions, with software and banks picking up while AI-themed companies pause. Can this rotation signal broader market activity in July?

Short interest on the rise following May market highs, suggesting potential short squeeze supporting continued market advance. Hedge funds maintaining significant short positions while exploring other sectors for opportunities.



Read more at Nasdaq: Short Interest Spiking as Stocks Enter Historically Bullish Month