Josh Schafer
@_JoshSchafer
Markets reporter @YahooFinance via @Dailyorange. Say 👋[email protected]
Meme stocks are bringing this trend to the forefront given that they're often popular brand names. But shorts have been getting smoked off the bottom since April.
The 100 most shorted stocks in the Russell 1,000 are up 52% over the last three months and have beaten the index by 33 percentage points. Not quite "meme-stock mania" from 2020/2021 but definitely elevated.
Inflation expectations continued falling in July, per the University of Michigan's latest consumer survey.
Waller removes any doubt: He'll vote for a July cut. The opening line of the speech gets to the point: My purpose this evening is to explain why I believe that the FOMC should reduce our policy rate by 25 basis points at our next meeting. federalreserve.gov/newsevents/spe…
But it’s only July!
The latest average year-end S&P 500 target among Wall Street strategists is up to 6,276 per a Bloomberg survey
Stocks are sliding.
TRUMP LIKELY TO FIRE POWELL SOON, WHITE HOUSE OFFICIAL SAYS
I'm hosting @YahooFinance's new show Morning Brief: Market Sunrise this week from 7 - 7:30 a.m. ET! We'll be getting you caught up on all the overnight action and the key things you need to know before trading begins. Come hang 👇 youtube.com/watch?v=KQp-e_…
Great chart from RBC's Lori Calvasina puts into perspective how sharp the move off the bottom has been for stocks.
It remains 'dangerous' to underestimate Corporate America ⚠️ tker.co/p/bofa-dangero…
Goldman Sachs' David Kostin now sees SPX 6,600 by year end while calling for a further "catch up" trade. "The market currently prices an optimistic outlook for economic growth and Fed easing, but equity investor positioning remains well below levels reached earlier this year."
Investing Update: 1st Half Recap & 2nd Half Outlook spilledcoffee.substack.com/p/investing-up… Charts from @dailychartbook @RyanDetrick @MikeZaccardi @bespokeinvest @mattcerminaro @michaelbatnick @granthawkridge @charliebilello @_JoshSchafer @philrosenn @StockMKTNewz @fundstrat @KevRGordon…
Outside of the brief post-pandemic rebound, the trend looks pretty clear here.
Bets on a July cut are fading after the June jobs report.
Robinhood stock, which was under $14 a share in August of 2024, just breached $100 for the first time. Crypto and relentless retail trading continue to be two of the biggest themes in markets through the first half of 2025.
