Amid Historic Bloodbath, Panicking Hedge Funds Unleashed Second Biggest Shorting Spree Since COVID

It was a brutal week for markets to close out the hardest month of trading in quite some time, which saw the S&P erase all gains since the Trump election, derailed by 1) tariffs 2) earnings fades (VST, NVDA) 3) techincals concerns (CTAs, month-end) and 4) muted risk appetite, however, as we correctly noted on Friday morning, the month-end pension rebal was to thank for the pop into the close with a MOC of $8.2BN to BUY (we had previously noted that