The post CPI optimism continued into today’s equity trading but not quite as ebullient, as investors turned their attention to the most disregarded stocks of the last few months -- banks, airlines, consumer discretionary etc. Shorted names were covered or outright bought as investors scrambled to add beta to their portfolios---as evidenced by the GS Most Short Rolling index up over 9% in the past two sessions. The move looks like early November’s jump of 11%, but that move was short-lived and t…
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