Stocks may crumble under the weight of inflation, interest-rate hikes and economic woes, one strategist says
Hedgeye CEO Keith McCullough sees inflation rebounding to 3.5%, and potentially a couple more interest-rate hikes by November.
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Hedgeye CEO Keith McCullough sees inflation rebounding to 3.5%, and potentially a couple more interest-rate hikes by November.
Hedgeye CEO Keith McCullough sees inflation rebounding to 3.5%, and potentially a couple more interest-rate hikes by November.
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Stocks have entered a kind of speculative frenzy. You’ve no doubt heard or read about Gamestop (GME) the bricks and mortar video game retailer. The company has been in trouble for months, failing to turn a profit since 2018. And this is happening despite revenues growing. Because of this, hedge funds have taken MASSIVE short positions in this company, borrowing shares from their brokers to bet that GME’s stock will collapse as the company lurches towards bankruptcy. How big were the bets against GME’s stock? Well over 100% of the company’s shares are currently being used by shorts.