FX.co ★ Speculative Pressure Mounts on S&P 500 with Substantial Increase in Short Positions

The latest report from the U.S. Commodity Futures Trading Commission (CFTC) reveals a significant uptick in speculative net positions against the S&P 500, marking an increase in bearish sentiment among traders. As of November 25, 2025, the indicator has widened from the previous -144.1K to an eye-catching -165.7K.

This considerable shift indicates a growing number of traders are betting against the S&P 500, reflecting growing concerns over the stock market's future performance. The movement in positions suggests that traders are increasingly skeptical about the potential for continued gains in what has been a tumultuous period for global financial markets.

The change in speculative sentiment could have an array of implications for investors, potentially foreshadowing increased volatility or further downward pressure on the index. Market analysts will likely be vigilant in observing whether this trend continues, as it could signal significant shifts in the investment landscape amid an ever-evolving economic backdrop.