Santa came early this year:CTAs purchased the highest amount ever recorded
CTAs purchased $153 billion of global equities over the last 10 days, the highest amount ever recorded. Santa came early this year.
Image
What is a CTA?
A commodity trading advisor (CTA) is an individual or organization that, for compensation or profit, advises others, directly or indirectly, as to the value of or the advisability of trading futures contracts, options on futures, retail off-exchange forex contracts or swaps.
Commodity trading advisers (CTAs), known for their momentum-driven strategies in the futures market, made substantial moves in the U.S. equities space.
Over the last 10 days, CTAs purchased nearly $70 billion in U.S. equities, marking the largest 10-day buying spree on record, according to Goldman Sachs data dating back to 2016.
In addition to CTA activity, Goldman Sachs reports an "even larger pickup" in net buying from long-only investors from the start of November, representing a noteworthy 40% increase compared to the same period last year.
This surge in buying activities by both CTAs and long-only investors suggests a significant market shift.
The $S&P 500(.SPX)$ is up 8.65% in November.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- AuntieAaA·2023-11-23GOODLikeReport