Fed Chair Jerome Powell has signaled that the Fed will be more sensitive to incoming economic data to determine if inflation is falling.
The latest meme-stock craze was "doomed to wane" partially because investor sentiment is still predominantly bearish, said Vanda Research.
"Let's not forget Mr. Aron arrived here in January of 2016, and much of what got this company in trouble was his aggressive approach," Chanos said.
Amazon has supplanted Microsoft as the most popular long holding among hedge funds, according to Goldman Sachs.
The Fed has already seen some early signs that inflation is cooling down, mostly driven by a consistent decline in commodity prices like oil.
