The Week Ahead: Powell's Capitol Testimony and Short-Interest Stock Trends | June 18, 203

Next week, the spotlight will be on Jerome Powell, Chairman of the Federal Reserve, as he appears before the House Financial Services Committee and the Senate Banking Committee on Capitol Hill. His testimony is set to coincide with the Fed's semi-annual monetary policy report release, adding further depth to the report's content.

In parallel, investors' attention will focus on whether the recent upward momentum of heavily shorted stocks can be sustained. Over the past week, shares with more than 20% short interest of the total float, which have experienced significant rallies, encompass Nikola #NKLA, EHang #EH, Carvana #CVNA, Workhorse Group #WKHS, Hyzon Motors #HYZN, Cipher Mining #CIFR, C3.ai #AI, Virgin Galactic #SPCE, Zentalis Pharmaceuticals #ZNTL, and Upstart #UPST. #MarketUpdate