S&P 500 at 3,900 Is Graveyard for Shorts in Big Stock and Bond Rally

Bloomberg2022-09-08

Wednesday sees second-best concerted cross-asset rally of 2022S&P 500’s ability to hold 3,900 is ‘constructive,’ Harvey saysPhotographer: Chuanchai Pundej/EyeEm/Getty ImagesA level analysts flagged as...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

AndyChoo
2022-09-08
AndyChoo
Hmm
Huat1333
2022-09-08
Huat1333
All the bests ...longs [Miser] [Miser] [Miser]
- Huat1333:
  [Miser] [Miser] [Like] [Like]
blessed_1
2022-09-08
blessed_1
Good
Huatttah
2022-09-08
Huatttah
Nooo
ramius75
2022-09-08
ramius75
🎉🎉🎉
Bash
2022-09-08
Bash
Like pls, thank you
- Kazren:
  Ok
- rogerl:
  done
- yeehui:
  k

Leave a comment

339

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1166570400?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-09-08 06:31","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1166570400","market":"us","top_or_hot":-1,"title":"S&P 500 at 3,900 Is Graveyard for Shorts in Big Stock and Bond Rally","media":"Bloomberg","content":"<div>\n<p>Wednesday sees second-best concerted cross-asset rally of 2022S&P 500’s ability to hold 3,900 is ‘constructive,’ Harvey saysPhotographer: Chuanchai Pundej/EyeEm/Getty ImagesA level analysts flagged as...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-07/chart-border-is-graveyard-for-shorts-in-big-stock-and-bond-rally?srnd=markets-vp\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 at 3,900 Is Graveyard for Shorts in Big Stock and Bond Rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 at 3,900 Is Graveyard for Shorts in Big Stock and Bond Rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-08 06:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-09-07/chart-border-is-graveyard-for-shorts-in-big-stock-and-bond-rally?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wednesday sees second-best concerted cross-asset rally of 2022S&P 500’s ability to hold 3,900 is ‘constructive,’ Harvey saysPhotographer: Chuanchai Pundej/EyeEm/Getty ImagesA level analysts flagged as...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-07/chart-border-is-graveyard-for-shorts-in-big-stock-and-bond-rally?srnd=markets-vp\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".DJI","symbol_name":"道琼斯","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2022-09-07/chart-border-is-graveyard-for-shorts-in-big-stock-and-bond-rally?srnd=markets-vp","article_id":"1166570400","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1166570400","pubTimestamp":1662589869,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Wednesday sees second-best concerted cross-asset rally of 2022S&P 500’s ability to hold 3,900 is ‘co","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"translate_title":"3900点的标普500是股市和债市大涨中空头的墓地","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9},"content_text":"Wednesday sees second-best concerted cross-asset rally of 2022S&P 500’s ability to hold 3,900 is ‘constructive,’ Harvey saysPhotographer: Chuanchai Pundej/EyeEm/Getty ImagesA level analysts flagged as a battle line for stocks held up Wednesday, handing bearish equity traders their biggest defeat in a month.Indeed, a rush to cover short sales appeared to contribute to a gain of almost 2% in the S&P 500. A Goldman Sachs Group Inc. basket of the most-shorted stocks rallied 4.4%, more than double the index’s advance.In fixed income, Treasury yields halted a surge to multiyear highs with traders sifting through remarks from a slew of Federal Reserve speakers ahead of next week’s report on the consumer prices index.Two of the biggest exchange-traded funds tracking the S&P 500 (ticker:SPY) and Treasuries (ticker:TLT) jumped at least 1.5%, the second time this year each has advanced that much.Oil is retreating, easing inflation pressure, while the spigot for the corporate debt market remains open -- two factors that supported stocks. Yet with little material improvement on the fundamental side, traders turned to technical patterns for guidance. One factor at play, they say, is the massive short position that investors have accumulated during the 2022 bear market.Trend followers, such as commodity trading advisers, for instance, were “max short” on both stocks and bonds, according to an estimate by Nomura Securities International. Meanwhile, hedge funds’ equity exposure trailed 98% of periods over the past three years, data from Goldman’s prime broker show.All the extreme bearish positioning means the likes of CTAs would be forced to unwind their short positions should the latest decline reverse its course, as was the case Wednesday.“The short base is over-extended,” said Andrew Brenner, the head of international fixed-income at NatAlliance Securities. “While we do not think we are at the bottom of Treasury prices, a light is at the end of the tunnel for a CPI rally.”After managing to close above 3,900 during Tuesday’s slide, the S&P 500 mounted a comeback Wednesday. The threshold acted as support in mid-May and then worked as upside resistance briefly in June and July. The ability for the market to hold the line, for now, defies bear warnings that the worst is yet to come.Along with a resurgence in corporate bond market, Chris Harvey took comfort in the S&P 500’s potency to refrain from touching fresh lows, even as two-year Treasury yields climbed to the highest since 2007. The resilience is a departure from June, when stocks sank to the year’s lows while yields spiked higher.“Although the S&P 500 has sold off again, it is holding the 3,900 level. This is a constructive development,” said Harvey, head of equity strategy at Wells Fargo Securities LLC. “When credit markets are open for business, it lubricates the capital markets machine --and vice-versa. This is also a constructive sign.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9938257881,"gmtCreate":1662619921544,"gmtModify":1676537102840,"author":{"id":"4101950692484850","authorId":"4101950692484850","name":"AndyChoo","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4101950692484850","authorIdStr":"4101950692484850"},"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9938257881","repostId":1166570400,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9938257100,"gmtCreate":1662619904100,"gmtModify":1676537102840,"author":{"id":"3559014783889591","authorId":"3559014783889591","name":"Huat1333","avatar":"https://community-static.tradeup.com/news/a4c138e1ce20043d7996468a91a225ac","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":7,"crmLevelSwitch":1,"idStr":"3559014783889591","authorIdStr":"3559014783889591"},"htmlText":"All the bests ...longs&nbsp;[Miser]&nbsp;[Miser]&nbsp;[Miser]&nbsp;","listText":"All the bests ...longs&nbsp;[Miser]&nbsp;[Miser]&nbsp;[Miser]&nbsp;","text":"All the bests ...longs [Miser] [Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9938257100","repostId":1166570400,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":103825853,"gmtCreate":1662619916389,"gmtModify":1663258456544,"authorId":3559014783889591,"author":{"id":3559014783889591,"idStr":"3559014783889591","authorId":3559014783889591,"name":"Huat1333","avatar":"https://community-static.tradeup.com/news/a4c138e1ce20043d7996468a91a225ac","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9938257100,"type":1,"supId":0,"prevId":0,"content":"[Miser] [Miser] [Like] [Like]","text":"[Miser] [Miser] [Like] [Like]","html":"[Miser] [Miser] [Like] [Like]"}],"langContent":"EN"},{"id":9938267216,"gmtCreate":1662615942836,"gmtModify":1676537102022,"author":{"id":"4112410321254552","authorId":"4112410321254552","name":"blessed_1","avatar":"https://community-static.tradeup.com/news/71622697830d9517eb67a61917d8a95f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1,"idStr":"4112410321254552","authorIdStr":"4112410321254552"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9938267216","repostId":1166570400,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9938281521,"gmtCreate":1662613655863,"gmtModify":1676537101331,"author":{"id":"3582020329880330","authorId":"3582020329880330","name":"Huatttah","avatar":"https://community-static.tradeup.com/news/789254fa2844c01ae8426d599163e26e","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":1,"crmLevelSwitch":0,"idStr":"3582020329880330","authorIdStr":"3582020329880330"},"htmlText":"Nooo","listText":"Nooo","text":"Nooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9938281521","repostId":1166570400,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9938214069,"gmtCreate":1662612657652,"gmtModify":1676537101147,"author":{"id":"3586470645934044","authorId":"3586470645934044","name":"ramius75","avatar":"https://community-static.tradeup.com/news/9bf23146914ff935921288dd903ce4fa","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3586470645934044","authorIdStr":"3586470645934044"},"htmlText":"🎉🎉🎉","listText":"🎉🎉🎉","text":"🎉🎉🎉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9938214069","repostId":1166570400,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9938212611,"gmtCreate":1662612470933,"gmtModify":1676537101102,"author":{"id":"4103190116775930","authorId":"4103190116775930","name":"Bash","avatar":"https://community-static.tradeup.com/news/f5507f4188c13ea01d54f079985a28eb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4103190116775930","authorIdStr":"4103190116775930"},"htmlText":"Like pls, thank you&nbsp;","listText":"Like pls, thank you&nbsp;","text":"Like pls, thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9938212611","repostId":1166570400,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":103826166,"gmtCreate":1662621879900,"gmtModify":1663258457851,"authorId":3561465133588808,"author":{"id":3561465133588808,"idStr":"3561465133588808","authorId":3561465133588808,"name":"Kazren","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9938212611,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"},{"id":103824505,"gmtCreate":1662613536740,"gmtModify":1663258451333,"authorId":3572005079747641,"author":{"id":3572005079747641,"idStr":"3572005079747641","authorId":3572005079747641,"name":"rogerl","avatar":"https://static.tigerbbs.com/70a75678cb06207361b08aa8e42a9ecd","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9938212611,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"},{"id":103824508,"gmtCreate":1662613564683,"gmtModify":1662613568477,"authorId":3581985494692689,"author":{"id":3581985494692689,"idStr":"3581985494692689","authorId":3581985494692689,"name":"yeehui","avatar":"https://static.tigerbbs.com/5c186e879a6e6c27d98e0565a77e372f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9938212611,"type":1,"supId":0,"prevId":0,"content":"<u>k</u>","text":"<u>k</u>","html":"<u>k</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":339,"commentSize":24,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1166570400"}