CFTC data shows the small speculator as the only net long in S&P futures contracts, with the...

|By:, SA News Editor

CFTC data shows the small speculator as the only net long in S&P futures contracts, with the commercials and large specs on the other side of the trade. It's not immediately bearish, says Peter Brandt, as small specs sometimes get it right, but when this group is the only net long, things could move quickly if the market does turn down.