From the Desk of Steve Strazza @Sstrazza
The stock market is in the middle of one of its fiercest multi-day rallies in recent history.
Since last week, there has been a notable expansion in breadth, with areas like small caps, regional banks, biotechs, and speculative growth joining the bull market party.
Long story short, investors are beginning to move out on the risk spectrum and embrace some of the riskiest stocks the market has to offer.
Another way to see this offensive positioning is by analyzing the performance of the stocks that investors are betting against the most.
Names with sky-high short interests continue to work in this environment.
As such, it’s time to run it back with another Freshly Squeezed report.
Here’s how we do things…
We find the most heavily shorted stocks in the market. We wait for momentum to come into these names. And then we ride them higher as the bears get squeezed.
We got new short data last week, so let’s dive in and talk about it.