Arvinas Inc Ranked Among Today’s Top Shorts As U.S. Deals With A Debt Ceiling Crisis

Arvinas Inc Ranked Among Today’s Top Shorts As U.S. Deals With A Debt Ceiling Crisis

We saw a nice two-day rally thanks to Jay Powell and the Fed. Investors were anxious for weeks on potential tapering and tightening of monetary policy. Yet, the Fed eased fears when they indicated that the current economic stimulus would stay in place for just a little bit longer. Following the Dow's DOW 500 pt rally on Thursday, Friday told a different story. The indices came back down to earth with the Dow Jones falling 167 points, the S&P 500 dipping 0. 5%, and the Nasdaq NDAQ dropping 0. 7%. Evergrande in China is still plaguing market sentiment. After some worries were eased that it could start paying some of its $300B debts on Thursday, reports came out that some creditors may still be waiting to get paid. The U. S. is still dealing with a debt ceiling crisis and a potential government shutdown. This could also cause it to default on its sovereign debt for the first time in history. But did you really think that China only had one negative market catalyst on Friday? China's central bank overnight deemed crypto "illegal" and caused tech stocks, namely crypto stocks, to plunge. Bitcoin and ether also were off 5% and