The "most shorted" stocks have fallen for 6 of the last 7 days, dropping almost 6% - the biggest in 3 months - as the S&P 500 fell just 1%.
Year-to-date, 'shorts' are outperforming with "most shorted" down 3.3% compared to the broad market's unchanged return.
As Credit Suisse noted, short squeeze pain appears to be abating... 3 data points suggest shorts are re-establishing themselves:
A leading Tory Brexit campaigner has claimed that the controversial Iraq war inquiry report has been delayed until after the EU referendum to avoid embarrassing pro EU Tony Blair David Davis, the former minister of State for Europe, has accused David Cameron of delaying the publication of Sir John Chilcot’s Iraq inquiry to save ‘In’ campaigner Blair’s reputation before the vote on June 23.
One week after Donald Trump made the surprising announcement that he hired former Goldman Sachs partner and Soros employee, Steve Mnuchin as his national finance chairman as he begins to roll out his presidential fundraising operation (Mnuchin has said he hopes to raise as much as $1 billion), Trump announced moments ago that he has picked Chris Christie to lead his transition team, which would prepare the political neophyte turned presumptive GOP nominee for the White House if he wins in the general election.
"We as a company are neutral - we have not and will not use our products in a way that attempts to influence how people vote."
That is a quote from a Facebook spokesperson given in response to a leaked internal poll which asked what responsiblity Facebook had in preventing Donald Trump from becoming the next president.
Sebastian Payne notes that David Cameron’s fear-mongering over “Brexit” is getting worse:
Mr Johnson’s rhetoric was more measured than Mr Cameron’s, who warned in his speech that voting to leave the bloc could lead to war. “Can we be so sure that peace and stability on our continent are assured beyond any shadow of doubt? Is that a risk worth taking? I would never be so rash as to make that assumption,” he said. The government’s “Project Fear” is turning into “Project Terror”.