Goldman Sachs: US stocks may welcome a new 'short squeeze' rally Odaily Planet Daily News: Since the end of April, the scale of bearish bets on the US and Canadian stock markets has rapidly expanded. According to data from S3 Partners LLC, the total short positions increased by nearly $100 billion, rising to $2.13 trillion, setting a record high since the institution began counting in 2010. At the same time, statistics from Goldman Sachs' prime brokerage business show that the median net short position of S&P 500 index constituent stocks has risen to 3% of market value, the highest level since the end of 2011. Goldman Sachs' trading department sees this position structure as a key signal of change, believing that the next phase of upward momentum in the market may come from the "short squeeze" market formed by short covering, rather than continuing to rely on the upward expansion led by large technology stocks in the previous two months. The team consisting of Gail Hafif, Brian Garrett, and Lee Coppersmith pointed out, "We do see the potential for the market to further rise from its current level, but the next phase of the uptrend is more likely to be driven by short covering in unpopular market sectors and risk aversion to the frenzy of momentum