CTAs Switch to $30 Billion Short Position—Could Buy $90 Billion in Stocks if Market Rallies

According to Goldman Sachs, Commodity Trading Advisors (CTAs) have shifted their position in the stock market. Instead of buying stocks, they are now holding short positions worth $30 billion. However, if the market experiences a strong rally—specifically a move two standard deviations above the average—CTAs could reverse their stance. In that case, they might purchase up to $90 billion worth of stocks globally, including $45 billion in U.S. stocks, over the next month.