Retail Goes On Historic Short Squeeze Spree, Sparking Hedge Fund Bloodbath

Something strange is going in below the market's relative calm surface. While on one hand hedge funds, long onlies, CTAs and other institutions remain largely on the sidelines (if not tilting bearish) and occasionally getting dragged in to chase the market higher (such as today when according to Goldman's trading desk, "HFs are +10% better to  buy, which ranks in the 95th %-ile and the highest we’ve witnessed since early January")