The Absence of Sellers on Wall Street Raises Questions About the Market’s Resilience
Despite economic headwinds, sellers have been conspicuously absent on Wall Street, leaving many experts puzzled. CNBC’s Jim Cramer suggests that short-sellers, who would typically take advantage of market conditions, have been “obliterated,” leaving the market surprisingly resilient. This raises questions about the sustainability of the current stock market rally and the impact of the Federal Reserve’s interest rate hikes.
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