The index breached 26,000 on Jan. 17, then continued on to set 15 closing records in the rest of 2018. All these events created a lot of uncertainty for investors and the Dow bore the brunt of it, falling into…
The squeeze was exacerbated by several hedge funds shorting more shares than the available float of shares in the market, making it nearly impossible to cover all their short positions. This added immense pressure to buy back shares at any…