Shorts Gasp for Air: Tech Outflows, Utilities Surge, Semis Lose Steam, and Gold Breaks Out

Shorts dying

Shorts dying a slow death. Chart shows QQQ/SPY short interest as a % of shares outstanding.

Source: JPM

Back to neutral

Source: JPM

Meme positioning

Source: JPM PI

Global semis positioning

Source: JPM PI

Semis excitement "gone"

Source: Spotgamma

Source: Bloomberg

Problems in tech land?

Source: BofA

Utilities flow mania

Source: BofA

Golden volatility

Source: Refinitiv

Dirt cheap

Source: GS

Massive error

Source: Soc Gen