The stunning start to the year on equity markets isn’t great news for short sellers, investors who’ve missed the rally and central bankers led by Jerome Powell.
Rising equity markets are supposed to be good news for investors. But the rally in global markets since the start of the year – the ASX 200 is up 7.9 per cent, the S&P 500 is up 6.4 per cent and the Nasdaq is up a stunning 11.9 per cent – is making three groups decidedly uncomfortable.
The first of these is short sellers, who have been caught in a stunning squeeze.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
