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Short covering and indexes

Summary:
If it was all about short covering then why would indexes go down?Disruptions were reported at several major retail brokerages following the speculative surge of interest in companies including GameStop and AMC Entertainment as well as a big drop in the major stock-market indexes including the S&P 500. $GME $AMChttps://t.co/WxpLvQjlMn pic.twitter.com/Bh0C6RYeZv— MarketWatch (@MarketWatch) January 27, 2021

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If it was all about short covering then why would indexes go down?




Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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