Bears Eye Chips, Boeing Gets Green Light

Semiconductor Selloff Dominates

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.

Boeing Gets FAA Clearance

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.

Quantum Stocks Surge

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.

Earnings Week Kicks Off

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.

Europe & Short Interest Watch

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.