CHART OF THE DAY: How Do Past Crashes Compare To Our Current Crash?

What happened out there in USA ONLY Long/Short Hedge Fund space?

A) Goldman’s “Most Short Basket” got squeezed for an epic +662 basis points on the day
B) Over the course of the last 2 days, that basket of Consensus Hedge Fund Shorts was up +970 basis points

That was only one of the biggest 2-day Short Squeezes in US Hedge Fund history – nothing to see here, folks.

The epic squeeze was fueled by a CNBC fake-news narrative that the Fed has “pivoted”… and, of course, got the “Retail Investors” right bullish and horned up “betting” like they were back when we were raging #Quad2 in Q2 of 2021 Bulls.