Hedge funds short-SELLING has been recently MASSIVE: Hedge fund shorts have surged $25 BILLION over the last 3 Commitments of Traders (COT) reports, the most in at least 10 YEARS.
Moreover, shorts as a share of total open interest hit 41%, the most since February 2021. WOW https://x.com/GlobalMktObserv/status/1925167945702834201
..so it is Hedge Funds (short) vs Retail (long) tug-of-war.
..if the Hedge Funds win, it is a case of worsening macro recognition winning over 'follow-the-price' momo sleepwalking.
..if Retail wins, it is a case of 'cult defiance' winning over reality recognition.
