CFTC report reveals the secret behind the April US stock rebound: institutions set a record by buying Nasdaq futures.
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In mid-March, as the market realized that the war with Iran would persist and the US stock market plunged sharply, asset management institutions (a category defined by the CFTC, covering almost all institutional investors) sold a record $36.2 billion worth of S&P 500 futures.
A month later,