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Investors lost $195 billion shorting stocks in 2023. Here were the 10 most painful bets.
It indicates an expandable section or menu, or sometimes previous / next navigation options.An envelope. It indicates the ability to send an email.A stylized bird with an open mouth, tweeting.An image of a chain link. It symobilizes a website link url.Tesla, Nvidia, and Apple led the way as the most painful short bets.There was no shortage of bearish forecasts and recession outlooks coming out of Wall Street at the start of last year.With the exception of Fundstrat's bullish strategist Tom Lee, just about everyone was wrong. Stocks soared, the economy proved resilient, and analysts have either pushed back or reversed their forecasts for a downturn.Over the last 12 months, the S&P 500, Nasdaq, and Russell 3000 indexes gained 24%, 43%, and 24%, respectively.The stunning strength of the market and the economy left US and Canadian short sellers with $194.9 billion in paper losses, according to research firm S3 Partners. Shorting a stock is when an investor bets the price will fall.Tesla, f
Investors lost $195 billion shorting stocks in 2023. Here were the 10 most painful bets.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.