While “most shorted” stocks have ripped higher in the last few weeks, and “weak balance sheet” stocks have soared, the real winner in this “dash for trash” is… garbage!!
It appears investors can’t get enough of “Waste & Disposal” stocks…
h/t @jlyonsfundmgmnt
The last time this index surged so far so fast was Oct 2011… and it fell 13% in the following month.
And we note that while the initial momentum of this central-bank-engineered rally was a yuuge shorts squeeze, the last two weeks have seen “Most Shorted” stocks go nowhere…
So the last two weeks of Fed, BoJ, and ECB action failed to lift the real ‘trash’ and instead pushed investors into defensive stocks… what next?
via Zero Hedge http://ift.tt/1pRfibG Tyler Durden