Canoo Inc Ranked Among Today’s Top Shorts Amid Better-Than-Expected Retail Sales Data

Canoo Inc Ranked Among Today’s Top Shorts Amid Better-Than-Expected Retail Sales Data

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Are investors going to buy the dip here? It looked like it yesterday, with the S&P 500 rallying 0.9% yesterday after several troubling sessions. This was a nice bounce off oversold conditions, but we are not out of the woods yet. With September being the worst month of the year historically, we are likely in for more volatility in the coming months. Retail sales data also came in this morning blowing past expectations, gaining 0.7% versus a 0.8% loss estimate. It appears the consumer may be stronger during this wave of Delta variant infections than economists think. However, stimulus programs may be having what we call a diminishing returns effect here, as so much money has been pumped into the system but at the end of the day, we need markets to flourish without sustained QE. If you’re looking for a way to play this market, the deep learning algorithms at Q.ai have crunched the data to give you a set of Top Shorts. Our Artificial Intelligence (“AI”) systems assessed each firm on parameters of Technicals, Growth, Low Volatility Momentum, and Quality Value to find the best short plays.