INSUBCONTINENT EXCLUSIVE:
By Lu WangWaiting for new highs in stocks Be careful what you wish for.
In a week when the SP 500 Index came within 0.5 percent of its
January peak and then failed to hold its gains, a cohort of the most-hated stocks advanced to record levels, much to the dismay of
bears.
The double whammy occurred as geopolitical tensions blended with corporate earnings to produce stock returns that caused pain for
Trump doubled steel and aluminum tariffs on the country.
Meanwhile, from 3D Systems Corp
to Match Group Inc., companies targeted by short sellers extended weekly gains as better-than-expected earnings defied skeptics
A Goldman Sachs basket of most-shorted stocks jumped 5.6 percent in the five days through Friday, reaching levels not seen since at least
