BREAKING: The market no longer expects the Fed to raise interest rates in September.
After rising to as high as 70%, the market now sees a 47% chance of a Fed rate hike in September.
If the Fed leaves rates unchanged, it will extend the Fed's longest rate pause since 2008.
Bearish bets on US stocks are surging:
Short interest in the S&P 500 is up to ~3.7% of its free float, near the highest in data going back to 2010.
Short interest in the Russell 3000 is up to ~6.1%, also near an all-time high.
Both metrics have steadily increased since the start of 2025.
Furthermore, short interest across all NYSE-listed stocks rose to a record 9.0% of shares outstanding in late June.
By comparison, this metric peaked at ~5.0% during the 2008 Financial Crisis and ~6.0% during the 2020 pandemic.
Conditions for a short-squeeze are rising.
The apparent stabilisation of bitcoin’s value is likely to be an artificially induced last gasp before the crypto-asset embarks on a road to irrelevance. #TheECBblog looks at where bitcoin stands amid widespread volatility in the crypto markets.
Read more https://t.co/Hk1LuYX2de
#Bitcoin has outperformed equities across EVERY major timeframe (1M, 3M, YTD, 1Y, 3Y, 10Y).
The doubters can believe what they want, but the proof is in the pudding.