Chips are the week's biggest story. The semiconductor ETF SOXX just logged its worst month since 2002. Bears are piling in — options show the heaviest negative flow in SNDK, MU, NVDA, AMD, and INTC. All chip names. The leveraged ETF SOXL hit 100% short utilisation today. Availability crashed to just 6.6% of short interest. That is a near-maxed-out short position in a single sector ETF.
The FAA certified the Boeing 737 Max 7 today. That is a long-awaited milestone for the struggling planemaker. The news is likely to provide near-term relief after months of regulatory setbacks.
IonQ is soaring Monday alongside D-Wave Quantum. The quantum computing sector is attracting fresh buyers. AT&T also featured in the IonQ story. The quantum rally is one of the session's clearest momentum trades.
It is a packed earnings week. Palantir reports tonight. Markets will focus on AI revenue growth. Caterpillar and McDonald's report Tuesday — key reads on industrial and consumer demand. Vertex Pharmaceuticals and ON Semiconductor also report today.
Apple launched a legal challenge against the UK government's attempt to access encrypted user data. That adds a regulatory overhang for the tech giant. On short interest, Chewy remains the most heavily shorted liquid stock at 81.4% of float. Ionis Pharmaceuticals saw the biggest weekly jump — short interest hit an 11-month high after analyst downgrades.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
