Today seems to be mostly Short Covering and Reaction to Bessett’s Comments.

April 8, 2025

DENVER, Colo., Apr 08, 2025 (247marketnews.com)- It also appears to be that we’re in a market fluctuation not a crash, and they’re not the same thing.

Here’s an updated summary of the current market situation, incorporating the latest VIX data:

Market Overview

The markets are experiencing a rebound today, primarily driven by short-covering activities. This follows a significant downturn triggered by President Donald Trump’s recent tariff announcements, which led to a 10.5% decline in the S&P 500 over two days, marking one of the steepest drops in decades.

CBOE Volatility Index (VIX)

VIX closed yesterday at 46.98, up from 45.31 the previous market day, indicating a 3.69% increase. This surge reflects heightened market anxiety. Notably, the VIX reached an intraday high above 60 on April 7, levels not seen since the early days of the COVID-19 pandemic. However, it has since eased and is currently below $40.

**Top Three Most Shorted Stocks:**

  1. **Newton Golf Company (NASDAQ:NWTG):** Approximately 91.67% of its float is sold short.
  2. **NewGenIvf Group Ltd. (NASDAQ:NIVF):** Around 81.13% of its float is sold short.
  3. **The Children’s Place Inc. (NASDAQ:PLCE):** Approximately 64.67% of its float is sold short.

These high short-interest levels suggest that a significant portion of investors are betting on the decline of these stocks, which can lead to increased volatility, especially if short-covering occurs rapidly.

**This Morning’s Top Three Stocks:**

NanoVibronix (NASDAQ:NAOV), 60 Degrees Pharmaceuticals (NASDAQ:SXTP), and Zyversa Therapeutics (NASDAQ:ZVSA).

Current Market Snapshot

It’s essential to monitor these developments closely, as the interplay between trade policies, market reactions, and volatility indices like the VIX continues to evolve.

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