Models Signal $45 Billion in Potential S&P 500 Futures Selling

Models point to as much as $45 billion in potential selling of S&P 500 futures over the next month, following the index’s worst weekly performance since 2025.

The models put potential selling at about $28 billion over the coming week. The two estimates cover different time horizons for the same futures market. Negative trading signals appeared in about 60% of global equity markets.

Hedge funds’ net sales of individual stocks reached a four-month high last week. Technology was the most heavily net-sold sector in both U.S. and global markets. Meanwhile, macro products, including index futures and exchange-traded funds (ETFs), recorded net buying.

Global macro hedge funds largely maintained their equity exposure during the period. These funds use futures, ETFs and swaps to take positions tied to broader economic and market trends.