Why the AI trade is not set up for a rebound like July’s, according to JPMorgan
Summary
A JPMorgan strategist warns that artificial intelligence stocks are unlikely to experience a market rebound similar to the one seen in July. Current positioning shows a lack of new inflows, declining share buybacks, and an imbalance of investors holding long positions rather than short ones.
Fewer shorts, buybacks ending, no inflows and too many longs imply no recovery is imminent, says a JPMorgan strategist.
Source: Read the full story at MarketWatch.com - Top Stories
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