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S&P 500 Non-Commercial Positions:
Large speculators and traders decreased their net positions in the S&P 500 stock futures markets for a second straight week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of S&P 500 futures, traded by large speculators and hedge funds, closed out the year with a net position of 4,712 contracts in the data reported through December 27th. This was a weekly decline of -1,254 contracts from the previous week which had a total of 5,966 net contracts.
S&P 500 Commercial Positions:
Meanwhile, the commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -16,988 contracts in the final week of 2016. This is a weekly change of -844 contracts from the total net of -16,144 contracts reported the previous week.
S&P500 Stock Market Index:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the S&P 500 index closed at approximately 2268.87 which was a change of -1.88 from the previous close of 2270.76, according to market data from Yahoo Finance.
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