Wall Street stock strategists have a new favorite word
When the AI trade launched in earnest, it was the “Magnificent Seven.” Then came “AI enablers,” “picks and shovels,” and, more recently, “momentum.”
Investors have placed record short bets against the US stock market
The financial data firm says its measure of short interest in US stocks has hit record levels. While shorting is a natural hedging strategy among bullish investors, increased bets on a decline in US stocks aligns with concerns about high valuations and cracks in the AI narrative as investors questions the economics of colossal capex