Short Bets on US Stocks Hit $1 Trillion

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Short sellers are ramping up bets against US stocks even as paper losses on the positions surpass $100 billion.

Total US short interest, or the amount traders have spent betting against US equities, exceeded $1 trillion this month as the S&P 500 Index extended its advance, S3 Partners LLC data show. The tally reached the highest since April 2022 before retreating slightly with stocks down for a third straight day.

https://www.bloomberg.com/news/articles/2023-06-21/short-bets-on-us-stocks-hit-1-trillion-most-since-april-2022?leadSource=reddit_wall

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On one hand, we could have a market crash

On the other, there’s $1 trillion dollars worth of buying back needed to cover short positions.

h/t Lord-Lannister


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