S&P 500 Net Speculative Positioning in 2019
S&P 500 Net Speculative Positioning opened 2019 at 30,107 and closed at 10,067, a -66.56% move for the year. The high of 30,107 was reached on January 8, and the low of -16,892 on February 19.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 30,107 | 6,637 | 30,107 | 6,637 | -77.96% |
| Feb | -16,223 | -8,460 | -8,460 | -16,892 | +47.85% |
| Mar | -13,877 | 8,705 | 8,705 | -13,877 | +162.73% |
| Apr | 2,555 | 13,498 | 13,498 | 2,555 | +428.30% |
| May | 17,044 | 15,145 | 17,490 | 15,145 | -11.14% |
| Jun | 17,522 | 20,330 | 20,330 | 10,875 | +16.03% |
| Jul | 11,107 | 12,014 | 12,014 | 4,504 | +8.17% |
| Aug | 14,909 | 10,791 | 14,909 | 190 | -27.62% |
| Sep | -702 | 2,913 | 2,913 | -3,680 | +514.96% |
| Oct | 961 | 7,065 | 8,950 | 961 | +635.17% |
| Nov | 2,999 | 4 | 3,736 | 4 | -99.87% |
| Dec | -5,950 | 10,067 | 10,067 | -5,950 | +269.19% |
Events During 2019
Hong Kong's 2019 protests over an extradition bill and Beijing's 2020 National Security Law reshaped the territory's role as Asia's financial hub. Capital outflows, reduced multinational presence, and regulatory divergence from the West had durable effects on regional finance.
Overnight repo rates spiked from 2% to 10% on September 17, 2019, forcing the Fed to intervene with its first open market operations since 2008. The episode revealed structural strains in US money markets that persisted into 2020.
Related Metrics
Get historical context as markets unfold, regime classification, scenario triggers, and analysis in your inbox.