JPMorgan stated in a report that reduction in short selling and short covering were contributing factors to the rise of US stock market, forming a 'stable support stream'. JPMorgan believes that one factor that supported the US stock market in the past twelve months is the reduction of short positions in two major stock ETFs - SPDR S&P 500 and Invesco QQQ (respectively tracking the S&P 500 and Nasdaq 100 index). Since the second quarter of 2023, short positions have been steadily declining, and short positions are gradually being covered.
摩根大通：空头回补助推美股走高
JPMorgan: Short covering helped boost US stocks.
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