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”