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S&P 500 Slide May Be Fueled Partly by Traders Cutting Long Bets

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Causeway's Ketterer Says Some Tech Stocks May Have Gotten Ahead of Themselves

Investors went long last week -- maybe at the wrong time.

Speculative long positioning by professional investors in S&P 500 futures contracts spiked last week to the second-largest position in five years, according to weekly data from the CFTC. The only other time it was higher was the first week of February.