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https://www.wsj.com/articles/stock-rally-stalls-despite-better-than-expected-earnings-season-e9af704d
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Bearish Hedge Funds Surprised by Stock Market RallyHedge funds that were betting against the stock market have been caught off guard by the recent rally. Despite falling inflation and low unemployment, these funds closed out more positions in June and July than in the past seven years. Short-sellers suffered losses of $53 million.
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