Traders short stocks made nearly $160 billion in profits in 6 days
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Odaily Planet News - After the escalating trade war caused the U.S. stock market to plummet by more than 10%, traders betting on stock price declines have earned $159 billion in just six trading days. According to S3 Partners LLC, since Trump announced comprehensive tariffs, U.S. stocks experienced their largest decline since 2022, with shorting the ETF tracking the S&P 500 index (ticker SPY) becoming the most profitable short bet during this period. Ihor Dusaniwsky, managing director of S3 predictive analytics, stated that overall, shorting any sector during this pullback was highly profitable, with 81% of short trades achieving gains, and by amount, up to 97% of short positions were profitable. (Jintian)
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