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S&P 500 sets record highs as shorts have not capitulated
MarketWatch says positioning data indicates short sellers have not yet fully exited, leaving room for additional upside if the trend continues.
The S&P 500 is hitting record highs, a move that has put pressure on bearish positioning, according to MarketWatch.
The outlet points to positioning data suggesting that shorts have not yet capitulated, which implies investors are not fully turning away from the downside view.
MarketWatch also cites Citi in linking the current setup to the possibility of further upside for stocks.
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