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Traders say that the recent surge in the US stock market is mainly due to short covering, not the prospects of peace with Iran.
Ask AI · How can short covering become the main driving force behind a rebound in the U.S. stock market?
【Traders say the current surge in U.S. stocks this time is mainly due to short covering, not changes in the outlook for peace with Iran】Cailian Press, April 1 — Some major trading teams on Wall Street said that positions that were extremely bearish ahead of the end of the quarter were the main impetus for the sharp rebound in U.S. stocks on Tuesday, and that this was not due to any shift in investors’ views on the Iran war.