September Squeeze Watch: Bears, Insiders, and Jobs Data Collide

Macro: Jobs Rebound, Mortgage Rates Rise

US hiring bounced back in August. The jobs data beat expectations, calming fears of a slowdown. Mortgage rates climbed alongside the report. That combination keeps pressure on rate-sensitive names like RH, which reports earnings Thursday, September 10.

Short Interest: Bears Press Consumer Names

Short sellers are making aggressive moves. Wix.com saw SI % FF jump 6.2 percentage points in a week to 17.8%. Chewy sits at a massive 52.3% of free float. Bearish options bets on Chewy are also elevated. Lululemon is another target. Analysts cut targets on the apparel brand this week. SI is 9.9% of free float, the RSI reads just 31.8, and the stock is down 52% year-to-date. Options flow skews heavily bearish. Wolfspeed remains the most extreme case — 75.3% SI with zero shares available to borrow.

Insider Moves: $650M in Sales Filed Today

Two massive disposals hit filings today. An NVDA director sold $411 million in shares between August 31 and September 2. TPC Executive Chairman Ronald Tutor filed a $198 million sale. Together, that's over $600 million in insider selling in two names. On the other side, Bill Gates filed a $241 million purchase, betting on waste management via Republic Services.

Earnings: Oracle and Adobe in Focus

Thursday's calendar is packed. Oracle reports Q1 FY2027 after the close. Adobe follows with Q3 FY2026 results. Both are key AI-integration bellwethers for software. Short interest on each is low — under 5% of free float — suggesting limited bear resistance heading in.

Analysts: Upgrades for ADSK and Moody's

Autodesk and Moody's both received upgrades today. Both trade near multi-year highs. Consensus buy counts edged higher on each name.