Large speculators, mostly hedge funds, went all-in again betting on low volatility, with net short positions on VIX futures rising to a fresh high, CFTC data showed.
* Specs were net short 144k VIX futures contracts on June 20, topping the previous all-time high made in May
* They went net short on small-caps after turning net long on Russell 2000 minis for the first time since February last week.
* Bulls retreated from tech shares, with net long positions in Nasdaq 100 minis falling to the lowest since December.
* Holdings in S&P 500 futures decline for the first time in four weeks.
The data shows that fresh funds stop going in small and medium stocks. This may be a sign of possible upcoming market correction.
Source: Bloomberg Pro Terminal
Trader – S. Fuchedzhiev