Traders are growing increasingly confident that U.S. stocks are headed for a selloff, but history shows the opposite is more likely, according to one analysis.
Traders are growing increasingly confident that U.S. stocks are headed for a selloff. But history shows the opposite is more likely, according to an analysis by one macro strategist.
Speculative traders are more bearish than at any time in the last decade, according to the latest release from the Commodity Futures Trading Commmission’s weekly commitment of traders report, which tracks futures-market positioning in a number of currencies, commodities and U.S. equity indexes. Over the last 25 years, outsize short positioning in futures has typically served as a counter-indicator, according to Brent Donnelly, a global macro strategist at Spectra Markets.
At the same time that short positioning has been growing, sell-side equity strategists across Wall Street have become increasingly pessimistic, advising clients that the S&P 500 might finally be poised to break lower after rising more than 7% since the start of the year, according to FactSet data. Sean Darby, chief global equity strategist at Jefferies, told clients in a note shared with MarketWatch on Tuesday that he too expects U.S. stocks to retreat, based on movements in bond and commodity markets.
To be sure, signs of stress have been creeping back into the market. Over the past week, market-leading megacap technology names like Microsoft Corp. MSFT and Apple Inc. AAPL have seen their lead start to slip. Partly as a result, the Nasdaq Composite COMP has fallen during five of the last six sessions through Tuesday’s close.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Eva Mendes: Why Ryan Gosling and I Don't Do Red Carpets TogetherSorry, Barbie fans! Eva Mendes won’t be hitting the red carpet with partner Ryan Gosling — but she has her reasons.
Weiterlesen »
The anime hit 'Suzume' and Shinkai's cinema of cataclysmMakoto Shinkai was never the same filmmaker after the 2011 earthquake struck Japan.
Weiterlesen »
Where Was 2011's The Thing Filmed? Filming Locations ExplainedAlthough The Thing (2011) appears to be in the tundra of Antartica, the horror prequel actually spent most of the film in various parts of Canada.
Weiterlesen »
Asian Stock Market: Nikkei 225, ASX 200 cheer risk-on mood despite hawkish Fed betsAsian Stock Market: Nikkei 225, ASX 200 cheer risk-on mood despite hawkish Fed bets – by anilpanchal7 Asia RiskAversion ForeignTrade China Nikkei
Weiterlesen »
Buffett's Berkshire lifts Japanese bets, eyes more stock buys, dealsWarren Buffett's Berkshire Hathaway has boosted its bets on 5 Japanese titans - plus it wants to raise its stakes more and join forces on big deals
Weiterlesen »
U.S. stock futures steady as traders eye looming inflation data and earningsU.S. stock futures on Tuesday pointed to the market opening little changed and just shy of eight-week highs as traders eyed inflation data and the start of...
Weiterlesen »