Chart of the Day: 2026-05-20

Bottom line: This packet is the one-stop morning read: curated chart evidence first, Daily Shot context second, and source links at the end.

Top Charts

1. Nomura Quant Insights 20260518: Options are shaping the path of the underlying

Page 1 | Nomura Quant Insights 20260518

What it says: Nomura Quant Insights 20260518: Cross-asset - Japan Nomura Quant Insights Global Markets Research 18 May 2026 US tech skew suggests 100% probability of reversal: Will higher rates trigger an AI stock correction? Focus on breakeven points in Nvidia results / Pause in AI-driven market and r...

Worldview update: The rally has become more flow-mechanical. Fundamentals still matter, but call demand, vol compression, and dealer positioning are first-order timing variables.

Portfolio/use: Favor defined-risk upside and start adding downside while hedges are ignored.

2. Prime Insights Analytics Chart Pack Macro Hedging Asia Inflows: AI is becoming a capex, power, and politics story

Page 4 | Prime Insights Analytics Chart Pack Macro Hedging Asia Inflows

What it says: Prime Insights Analytics Chart Pack Macro Hedging Asia Inflows: Semis & Semi Equip is the most net sold US subsector in the past month by hedge funds (and now net sold YTD), led by long sales, suggesting managers have taken profits/some chips off the table amid the group's sharp price rally. Source: Goldman Sachs FICC a...

Worldview update: The AI trade is no longer only about demand and model progress. The constraint is shifting toward cash-flow intensity, grid capacity, permitting, and public tolerance.

Portfolio/use: Map AI exposure through power, grid, utilities, gas, and capex beneficiaries; be careful where capex consumes free cash flow.

Daily Shot

Additional Chart Selection