“Unsustainable” short covering seems to be driving the market higher – ValueWalk Premium

“Unsustainable” short covering seems to be driving the market higher

Throughout June an interesting started to appear in equities. According to TwoRivers Analytics, which specializes in high-quality investment ideas, with an emphasis on short ideas, investor sentiment seems to have reached an inflection point.

Specifically, according to Eric Fernandez and team, the market is currently experiencing a break down of momentum stocks along with what TwoRivers has labeled "sharp short-covering."

According to Eric, the risk appetite among investors is currently mixed, a reversal from the trend seen earlier in the year. Throughout . . .

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