Big Short' investor Michael Burry's new bets against the S&P 500 and Nasdaq-100 are no surprise. Here's why.
![3Fourteen Research on X: "CTAs remain heavily short the S&P 500. Based on COT data, "Leveraged Fund" short positioning is ~85% of total open interest. https://t.co/mYFex5zX2A" / X 3Fourteen Research on X: "CTAs remain heavily short the S&P 500. Based on COT data, "Leveraged Fund" short positioning is ~85% of total open interest. https://t.co/mYFex5zX2A" / X](https://pbs.twimg.com/media/FvH5Ps_WAAABCBF.jpg)
3Fourteen Research on X: "CTAs remain heavily short the S&P 500. Based on COT data, "Leveraged Fund" short positioning is ~85% of total open interest. https://t.co/mYFex5zX2A" / X
![Hedge funds currently sitting with largest net short position in S&P 500 futures since late 2011 : r/StockMarket Hedge funds currently sitting with largest net short position in S&P 500 futures since late 2011 : r/StockMarket](https://preview.redd.it/hedge-funds-currently-sitting-with-largest-net-short-v0-kyt4agxq99ta1.png?width=640&crop=smart&auto=webp&s=ec2806ca14875c126114527320cea7fb82a4f6e7)