Hedge Fund Positioning Is Growing Increasingly Fragile
Capital Flows
· Capital Flows
· 22 июля 2026, 02:10
· ⏱ 1 мин чтения
| Читать в Substack ↗
Резюме
The article argues that hedge fund positioning is becoming fragile because macro liquidity and credit have expanded considerably over the past year, driving persistent short squeezes in the most shorted stocks. This suggests short-term momentum in heavily shorted names may continue while liquidity remains loose, but could reverse sharply if conditions tighten.
•Hedge fund positioning is critical for understanding fundamental flows and short-term moves across all assets.
•The most shorted stocks have been squeezing shorts for an extended period.
•Macro liquidity and credit in the underlying system have increased considerably over the last year.
•The article promotes a livestream and reports explaining how to connect positioning to the larger macro regime.