Concerns over aggressive interest rate hikes by the Federal Reserve to tame the surging inflation and a consequent economic slump have led to the stock markets witnessing a relentless sell-off recently. The Nasdaq Composite has entered the bear market territory, as it is down 25.4% year-to-date, while the S&P 500 and the Dow Jones Industrial Average have lost 16.1% and 12% year-to-date, respectively.
Even after the intense sell-off this year, strategists think that there are still good shorting opportunities. Shorting, or short-selling is a speculative trading strategy in which a trader opens up a short position by borrowing shares of a company, betting on its price decline, allowing the trader to buy them at a lower price and profit.
