Tesla's founder, Elon Musk, said on Twitter that from any perspective, the stock market had been surging over a fair level previously, so there
will inevitably be some corrections.To get more news about
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Data from the financial analysis institution S3 Partner shows that as of
this week, Apple has overtaken Tesla as the most shorted company on US
stock market, with open shorts totaling US$12.656 billion. Teslas open
shorts reached US$12.209, followed by Microsoft, Netflix and Amazon.
Chinese retail giant Alibaba ranked no. 7 among the most shorted
companies.
The public health emergency and oil price slump were only a beginning of US stock markets bearish turning point after staying
upbeat for 11 years. Many have ignored the invert yield curve of major
US Treasury Bonds which implied underlying weakness of the US economy
According to predictive models, US has a 53% chance to sink into recession in the
next 12 month, much higher than previous forecast of 24% and a record
level since economy recovered from the recession in June, 2009.
