Hedge Funds Increase Short Position Ahead of CPI Tomorrow

Take this for what it is worth, but when this came across Bloomberg this afternoon, it caught my eye, especially with the move up today that was made on SPX.

According to data from the CFTC there was an increase in short positions of about 321,000 contacts on Tuesday. That is the most bearish reading since Nov of 2011.

Hedge Funds have also turned into sellers, getting out of their long positions in the tech industry at the fastest pace in 15 months according to Goldman Sachs