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In a massive reversal, tech-focused ETFs led the plunge in fund outflows after trekking upward for months during the coronacrisis melt-up when techs were the market rally leaders.
If stock prices reverse their new trend and rise because of some good news, as we saw a glimmer of on Friday, this high short position will create a short squeeze and will rocket the market back upward.
Unless there is any extra-big news on stocks next week, I'm going to move back to focusing on the economy in general.