Bets against US stocks tumble to a 16-year low

Bearish bets in US stocks have declined to at least 16-year lows amid continued monetary easing by the Federal Reserve and expectations for additional fiscal stimulus.

The median S&P 500 stock short interest as a percentage of market capitalization has declined to 1.75% – the lowest level since 2004, according to data provided by Goldman Sachs and FactSet.

The metric reached highs above 2.7% in March as coronavirus induced recession fears saw investors sell equities and other assets for cash.

Aug 31, 2020

NZD/USD Price Analysis: Surrenders early gains, forms negative RSI divergence on 1H chart

NZD/USD is trading near 0.6732 at press time, representing a 0.11% decline on the day. The pair reached a high of 0.6752 during the early Asian sessio

S&P 500 Futures refresh record high above 3,500 despite mixed catalysts

S&P 500 Futures take the bids near 3,520, up 0.50% on a day, amid Monday’s Asian session. The risk barometer refreshed the record high to 3,523.88 bef