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Open original source ↗The squeeze up will be glorious on the next TACO, which I expect before midterms.
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Leveraged funds are becoming increasingly bearish on US tech: Leveraged fund short positions on Nasdaq 100 futures are up to ~$75 billion, near their highest in at least 4 years. Short positioning has more than doubled since February. Meanwhile, long positioning on Nasdaq 100 futures is down to ~$18 billion, its lowest since mid-2025. As a result, net positioning among leveraged funds is down to -$57 billion, near its lowest since at least 2022. This marks a sharp reversal from the positive net positioning recorded in November 2025. Leveraged funds are increasingly betting against tech stocks.
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