Bets Against the Stock Market Rise to Highest Level in Years

[Bullitt]

Re-test is looking more and more like a crowded trade.

Bets against the SPDR S&P 500 Trust, the biggest exchange-traded fund tracking the broad index, rose to $68.1 billion last week, the highest level in data going back to January 2016, according to financial analytics company S3 Partners. That was up from $41.7 billion at the beginning of 2020 and $41.2 billion a year ago.

https://www.wsj.com/articles/bets-a...et-rise-to-highest-level-in-years-11587288601

 

[weatherweenie]

Since this is similar to sports betting/gambling, when there is lopsided action to one side/outcome, the opposite often happens.

Re-test is looking more and more like a crowded trade.



https://www.wsj.com/articles/bets-a...et-rise-to-highest-level-in-years-11587288601

 

[Bullitt]

Yes, that's the gist of the article.

You want to be on the opposite of any consensus trade.