JPM: Record low short interest in SPY, QQQ may expose US equities to vulnerability

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JPMorgan estimates equities will see a $50B hit due to quarter-end rebalancing

June 21, 2024 8:52 AM EDT

JPMorgan analysts warn that US equities could face a $50 billion outflow due to quarter-end rebalancing by institutional investors.

"The declining short interest on SPY and QQQ ETFs has been providing a steady flow support to US equities over the past year," they note. However, they see this trend reversing as... More