As small investors continue to pull money out of equity market funds, small speculators are continued net sellers according to the CFTC. As has been the case throughout the 60% bull market, small futures traders at the CME have been net short sellers of the S&P 500. The latest data from the CFTC showed a slight increase in overall bearish positions versus last week’s data. As a contrarian indicator, this net bearish position continues to point to potential future market gains.
Practical Views on Money
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