SpaceX Is Wall Street’s Frothiest Trade: Sloan
AI Summary
Bob Sloan, founder of S3 Partners, describes the massive short-selling bet against SpaceX as one of the most speculative trades ever seen on Wall Street. He discusses the current market dynamics, potential triggers for a short squeeze, and the broader speculative market environment.
Short-sellers are making a massive bet against SpaceX. Bob Sloan S3 Partners Founder & Managing Partner calls it one of the frothiest trades the market has ever seen. He joins Bloomberg Open Interest to explain why bears are already billions of dollars ahead, what could trigger a short squeeze, and whether the broader market is finally losing its speculative excess. (Source: Bloomberg)