U.S. Energy Stocks Short Interest Highest level since October 2020, are The Shorts Right?

Short interest in U.S. energy stocks has risen to the highest level since October 2020, to 3.9% according to S&P Global Market Intelligence. Markets are heading into the third quarter energy earnings season with Oil Service giant Schlumberger and Oil majors Exxon and Chevron due up in the next few weeks. The S&P 500 Energy sector is up the only sector up year to date with the S&P 500 down -22.5% year to date. Natural gas prices have lost nearly … Continue reading “U.S. Energy Stocks Short Interest Highest level since October 2020, are The Shorts Right?”

At US Stock Market Top Passive Funds Overtook Active Funds Ownership for First Time

A phenomenon consistent with the belief stock markets only go up is the ‘hold forever’ passive funds. At the end of 2021 these passive funds accounted for 16 per cent of US stock market capitalization. This overtook the 14 per cent held by active funds, according to the Investment Company Institute, an industry body. Significantly the all-time high of the US markets was seen at the end of 2021 and since then we have seen sharp selloffs. What I we … Continue reading “At US Stock Market Top Passive Funds Overtook Active Funds Ownership for First Time”

US and European ETFs See Switch From Value To Growth Stocks in Q3

European Growth ETFs, which focus on “growth” stocks, attracted €120m in the three months to September, their strongest quarter since 2015. The move mirrored the US, where growth ETFs took in $9.4bn in Q3, the second strongest quarter on record, and reversing the $8.5bn of net outflows the sector suffered in the previous 12 months. Growth stocks typically trade at higher price-to-earnings or price-to-book-multiples The move followed European Investors in Q3 pulling a record net €3.7bn from European value ETF … Continue reading “US and European ETFs See Switch From Value To Growth Stocks in Q3”