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Traders Are Shorting the S&P 500 at a Rate Unseen Since 2015

  • Columbia Threadneedle’s Litfin sees potential for stock losses
  • ‘There are some clouds forming on the horizon,’ he says
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Federal Reserve Keeps Patient Stance While Trade Woes Worsen

Investors haven’t been this keen to short the U.S. stock market since the Federal Reserve started raising interest rates.

Short interest as a percentage of shares outstanding on the SPDR S&P 500 ETF Trust, or SPY, climbed as high as 7% this week, according to data from IHS Markit Ltd. That’s the highest share since 2015, when the benchmark gauge for American equities slipped into a correction as Fed officials began boosting rates from near zero.