As the S&P 500 (^GSPC) continues its record run in 2024, Citi strategists are finding short sellers to be capitulating as the index reaches new highs.

Yahoo Finance anchor Madison Mills compares the trends between the S&P 500's growth and futures contracts in Tuesday's Chart of the Day.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Luke Carberry Mogan.