Investors are Making the Biggest Bet Against the Stock Market in Nine Years
- The net short position in E-mini S&P 500 futures is growing and is now at a level it was last at in 2011.
- About twice as many futures contracts are now short as long, similar to September 2007 when they were at a record high ahead of the stock market peak in October.
- The short position could be a contrarian signal for the market, meaning stocks could keep rising.
- However, one analyst says the theory that the herd mentality is wrong and stocks could go higher anyway may not work this time.
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