Editor's Note: Below is a brief excerpt and chart from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.
... The other interesting development was that the #1 net LONG position in Global Macro is actually US Equity Beta (SP500)! Yep. Looking at non-commercial CFTC futures and options positioning, everyone knows the biggest net SHORT position remains US Treasuries… but look at this move in SP500 (Index + E-mini) contracts:
So did you buy the dip? Consensus sure did. |