Rethinking a 2023 Fed pivot has not been the only thing in retail traders’ minds. Losses on Wall Street have seen them increase Dow Jones and S&P 500 long exposure. Is more pain ahead for stocks? Get your market update from ddubrovskyFX here:
. That is also not the only thing that traders have been rethinking.
Looking at IG Client Sentiment , it seems retail traders have been buying into Wall Street’s losses. IGCS tends to function as a contrarian indicator. With that in mind, if positioning continues heading in this direction, could further losses be in store for stock markets?shows that about 40% of retail traders are net-long the Dow Jones. Since most investors are still majority short, this seems to hint prices may keep rising. However, upside exposure increased by 8.2% and 60.
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