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On June 30th 2020, the United States Commodity Futures Trading Commission (CFTC) announced that during the previous week, the net positions for S&P 500 Non-Commercials had decreased from $-388.7K to $-404.3K.
The CFTC issues weekly reports on positions held in the futures market to help investors to better understand the forces that are driving the market. The report is closely watched by investors as it provides insight into the outlook of the markets.
The decrease in net positions was seen on the back of a 2.5% decline in the S&P 500 index. The index moved lower on news of rising US-China tensions, with the Dow Jones Industrial Average also dropping by 1.6%.
However, the decline in net positions may not be entirely negative. Analysts believe that the recent selloff in the markets presents buying opportunities as investors have shifted to a more cautious stance after the sharp gains seen in the previous months.
Overall, the S&P 500 Non-Commercial positions reported by the CFTC provide insight into the sentiment of the market. The decline in net positions implies that investors remain wary of the current market situation. However, analysts remain positive that market conditions may improve soon.
