Reported 5 months ago
Despite bearish outlooks on Wall Street gaining traction among some traders, the high-momentum rally on Wall Street is causing these bearish trades to rapidly decline. Traders who placed bets against the Nasdaq 100 and volatility rising are facing losses as the tech-heavy index continues to climb and bullish sentiment prevails. The rally is fueled by surging corporate earnings, crypto excitement, and strong performance in riskier assets, leading to a challenging environment for those betting against the market's current trajectory. Additionally, factors like sky-high valuations, a hesitant Federal Reserve, and ongoing political uncertainties are keeping prudence in check.
Source: YAHOO