Marketwide Short Squeeze 5th Day In A Row

Tyler Durden's picture

For the 5th day in a row, US equity markets have been ignoted higher at the open by a sudden and extreme short squeeze among the weakest balance sheet companies. "Most Shorted" stocks have surged 3% in the last 5 days (double the S&P) but have only just managed to get back to unchanged for 2014 (against a 7.7% gain in the S&P).

5 days in a row...

 

Dragging "most shorted" stocks back up to unchange year-to-date...

 

Charts: Bloomberg