The Long’s and the Shorts into the New Year

$SPY, $SPX

The Santa Clause rally that began last week has pushed indexes to record highs and left investors looking for sectors that are not overbought.

The S&P 500 Index is up 32.8% YTD with just 2 days of trading left, with returns strong across sectors at: Basic Materials+34%, Consumer Cyclicals +42%, Consumer Non-Cyclicals +29%, Energy +17%, Financials +33%, Healthcare +33%, Industrials +43%, Technology +61%, Telecommunication Services+10%, Utilities +26%.

Even with stock market indexes at all-time highs, the Bear camp has its favorite targets.

Stocks with a very high level of Short interest heading into the New Year include: GameStop (NYSE:GME), McDermott International (NYSE:MDR), Peloton Interactive (NASDAQ:PTON), National Beverage (NASDAQ:FIZZ), Shoe Carnival (NASDAQ:SCVL), Match Group (NASDAQ:MTCH), AMC Entertainment (NYSE:AMC), GreenSky (NASDAQ:GSKY), Tilray (NASDAQ:TLRY) and Tanger Factory Outlet Centers (NYSE:SKT).

Have a terrific Holiday weekend

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