Whitney Tilson Updates His Short Squeeze Bubble Basket
Whitney Tilson’s email to investors discussing the market and macro overview; update on his Short Squeeze Bubble Basket. Q2 2021 hedge fund letters, conferences and more Market And Macro Overview1) Markets moved moderately higher in August, with the S&P 500 Index rising 3%. This was its seventh consecutive monthly rise, bringing its year-to-date return to a healthy 20.8%. The S&P 500 has now more than doubled since its March 2020 low – the fastest such gain since World War II – which has added nearly $20 trillion to shareholders' wealth. The market hasn't suffered even a 5% pullback in almost ...