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REDDIT

Which funds are likely to behind this short cover rally?

K
Apr 23, 2026 · 16:57

My thesis: the market is ripping up because of someone(s) covering a massive short position. Who are the suspected culprits? Which funds/banks/companies are going to be seen swimming naked when the tide goes out? My guess is some fund bet big on an AI pivot that didn’t materialize. Any reasonable guesses?