Odds that the U.S. would plunge into recession in 2025 dipped below 50% on decentralized prediction market Polymarket after the U.S. announced a trade deal with China on Sunday.
The proposal, citing a "Most Favored Nation Policy," fueled debate prompted some watchers to question the legality and feasibility of the move, while others speculated on its potential market impact.
U.S. Trade Representative Jamieson Greer stated that the speed with which the U.S. and China could reach an agreement showed that perhaps the differences were not as large as initially thought.
An economy in which consumption is the number one driver there can be elements of adjustment in which the benefit for the overall economy for everybody may come from being a little bit more prudent about consumption
Short interest in Hims & Hers rose to a record high of 37%, continuing a four-week climb, even as the stock surged 42% last week. The company’s quarterly revenue more than doubled, surpassing analyst expectations.
Despite soaring short interest, retail sentiment remains bullish, with investors optimistic about the company’s positive trial results and the continued demand for its FDA-approved treatment, Rezdiffra.
