JPMorgan: Large Cap Energy Stocks Poised For Sharp Short Squeeze ...Middle East

Large-cap energy stocks are now so disconnected from the oil market fundamentals that they could be up for a sharp short squeeze in the near future, JPMorgan analysts say. There is “increasing potential for a sharp short squeeze and move higher, given its extreme disconnect from oil fundamentals,” JPMorgan strategists, led by Dubravko Lakos-Bujas, said in a note on Tuesday carried by MarketWatch. Energy, together with consumer retail, travel, and leisure, banks, and semiconductors, are the sectors which JPMorgan considers “strong…

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