Wall Street traders have taken on the biggest short position in US stocks on record. The extreme short positioning could ultimately fuel buying pressure for stocks if the bet is unwound. AdvertisementAdvertisementProfessional traders in one corner of Wall Street have taken on their biggest bet ever against US stocks, according to data from Goldman Sachs. The bank said in a Monday note that trend-following traders on Wall Street, also known as commodity trading advisers (CTAs), are short a record $47 billion of US stocks. This wouldn't be the first time the stock market has bottomed right around the same time trend-following CTAs were net bearish on stocks.

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Persons: Goldman Sachs, —, Cullen Morgan, Stephen Suttmeier, CTAs, Morgan Organizations: Service, Bank of America Locations: Wall, COVID