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Three Charts to Start Your Day

Hedge funds are still shorting single stocks rather aggressively, favoring staples, communications, and utilities, according to data from Goldman.

On the other side of the trade, we're seeing fading demand for defensives and TMT, based on recent prime book flows from Goldman.

CTAs, on the other hand, have significantly increased long exposure, reversing their aggressive short positioning, based on Goldman's CTA model.

A confluence of flows, to be sure. I still believe that there will be episodic squeezes in highly shorted single stocks as a result of this lopsided positioning.

1 Comment

As far as episodic squeezes go- I am looking at LMND as a candidate.

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