Speculators Boost Bullish U.S. Stock Bets to Highest Since 2019

(Bloomberg) — Speculative investors increased bullish wagers on U.S. stocks to the highest level in almost two years after a selloff in the S&P 500 index.Net long positions in S&P 500 e-mini futures in the week to Oct. 27 were the most since January 2019, Commodity Futures Trading Commission data show.The more optimistic stance followed a slide in the S&P 500 from its September record on risks such as surging virus cases and stalled U.S. fiscal stimulus talks. The gauge fell again last week, dropping 5.6% ahead of the presidential election Tuesday amid lingering concerns of a drawn-out or contested …read more

Source:: Yahoo Finance


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