Positioning
Every Friday the CFTC publishes who holds futures contracts, as of the preceding Tuesday. Not by name, by group: the small speculators, the large speculators, and the commercials who use the market for the thing itself rather than to bet on it.
The three groups always add up to zero, because every long is somebody else's short. So this shows which way each group is leaning, and who is taking the other side. The latest week runs to 2026-10-06.
Stock indexes
The six stock index futures we carry, from the S&P 500 and Nasdaq 100 to emerging markets and the VIX, added together over two years. Hover over the chart, or use the arrow keys on it, to read any week.
At a three year extreme this week
Where large speculators hold their largest long or short position in three years. Crowding, not a forecast.
Every market
Each group runs from the market where large speculators sit highest in their own three year range to the one where they sit lowest. The tag is their net position this week.
Stock indexes
S&P 500, Nasdaq, Russell, volatility and the two MSCI indexes.
S&P 500 sectors
The seven sector index contracts, from energy to communications.
Interest rates
Treasuries across the curve, fed funds and SOFR.
Currencies
Nine currencies against the dollar, plus the dollar index itself.
Metals
Gold, silver, copper, platinum and palladium.
Energy
Crude, natural gas, gasoline and heating oil.
Crypto
Bitcoin and ether at the CME and Coinbase.
Agriculture
Grains, softs and livestock.
Source: Commitments of Traders, U.S. Commodity Futures Trading Commission. Public domain data, used with acknowledgement. Figures are contracts held, not dollars.