Ten S&P 500 shorts, every one negative on 6m. Book runs -25.5% to -13.9%, median confidence 71. Dragging most: earnings yield vs bonds, a top driver in 8 of 10. Credit frozen, curve steep. These are c

$TECH Bio-Techne Corporation is the worst at -25.5%, conf 71. Low short interest and low liquidity both drag it. Nobody is crowded here and it still gets sold. $O Realty Income Corporation -21.1%, conf 70, same print. A bond proxy losing to bonds. $TRMB Trimble Inc. -19.3%, conf 72, biggest earnings-yield hit in the book, and the only name with an illiquidity boost. $FE FirstEnergy Corp. -18.0%, conf 70. Low-vol utility, low short interest, pure rates short. $TAP Molson Coors Beverage Company -17.3%, conf 70, heaviest short-interest drag at -0.0656. $COIN Coinbase Global, Inc. -16.9%, conf 71, and the only name where high 60d volatility pushes the forecast up. That vol is the short's airbag. $J Jacobs Solutions Inc. -16.6%, conf 71, illiquidity the only offset. $PFE Pfizer Inc. -15.9%, conf 70, no short-interest driver at all, just weak volatility and weak yield. $MCHP Microchip Technology Incorporated -15.8%, conf 71, the one name where fwd/trail P/E actually shows up. $SBUX Starbucks

$TECH Bio-Techne Corporation is the worst at -25.5%, conf 71. Low short interest and low liquidity both drag it. Nobody is crowded here and it still gets sold. $O Realty Income Corporation -21.1%, con