$MRNA Moderna falls to its lowest closing price since the onset of Covid
Shares down more than 95% since the 2021 all-time high - absolute collapse Source: Barchart
📢 MICHAEL BURRY HAS SOLD EVERY SINGLE STOCK HE OWNED.
HE DID START A NEW POSITION IN ESTEE LAUDER THATS HIS ONLY CURRENT POSITION 😨 Michael Burry didn’t just trim his longs. He loaded up on PUTS. 🔴 He’s betting against: • $NVDA (900k shares) • $BABA, $PDD, $JD, $BIDU (China) • $TCOM ‼️ Nearly 50% of his portfolio is a short on $NVDA alone. The Big Bear is back🐻 Source: GURGAVIN on X, Michael Burry Stock Tracker
A clean multi decade breakout?
Source: The Long View, @HayekAndKeynes
In case you missed it...
Tesla $TSLA now up more than 50% over the last 3 weeks Source: Barchart
Gold extends slide, selling off for 5 of the past 7 days, and dropping below the 50DMA amid lull in Chinese retail/ETF buying,
as the tariff truce eases fears of sharp currency devaluations for now. Source: zerohedge
The post-liberation day rebound is almost as fast as the covid bounce.
Only difference is this time the Fed did not inject several trillion Source: zerohedge
Total Put/Call Ratio is now at 0.62, the lowest level since December 2020
Bulls are out in full force Source: Barchart
Hedge fund capitulated with second biggest short covering panic on record during Monday melt-up 🚀
On Monday, the Goldman Prime Brokerage Global equities book saw the second largest notional net buying in 5 years (+4.3 sigma), driven by short covers and to a lesser extent long buys (1.6 to 1). All regions were net bought, led by North America and to a lesser extent Europe (both led by short covers). Goldman HF Prime report shows that hedge funds net bought US equities at the fastest pace since Apr 9th (+4.0 sigma one-year), driven by short covers and long buys (1.5 to 1). Single Stocks / Macro Products were both net bought and made up 53% / 47% of the total notional net buying, led by short covers / long buys, respectively. Source: Goldman, zerohedge
