After a poor start to the week which has seen the most shorted names actually stumble for once as the record retail-driven short squeeze of the past 2 months pauses amid the reemergence of tariff panic, let's take a quick look at how the market technicals stack up.
We start with retail investors who as we discussed last week emerged as the primary market force of the second quarter, and which - so far at least - are largely absent: they tend to actively push up penny stocks and the most shorted names, both of which are underperforming today. Indeed, as Goldman's mid-day recap writes, "what sticks out so far is the unwind of the unwind with our Most Short Basket down more than -2%...
