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COVID-19 UPDATE: Positivity rates at colleges might be lower than local state. Investors abruptly bearish = good risk/reward

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STRATEGY: The Street has suddenly become very bearish = risk/reward favorable
What happened to the "dip buyer"?  In fact, not only has the dip buyer "left the house" but investors have turned outright bearish.  According to @hedgopia, NDX futures positioning is the most net short since August 2006 (134k contract in 3 weeks).  

- It is an almost overnight reversal of market positioning.


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Source: twitterGranted, the short of NDX futures could be a portfolio hedge (so a fund doesn't have to sell it holdings) but the fact of the matter is, this is a net increase in short positioning.  September has been a terrible month for equities, with volatility rising, leadership influx and the worst month for equities since March 2020. - so a change in views is not surprising.- but to become the most bearish in 14 years?- wut?For those who think there is only bad news ahead from Washington, it seems like there is some hope still for a stimulus package in the coming weeks.  Nancy Pelosi made these comments on a CNN interview Sunday (as per CNBC below) and she wants to forge ahead.  The impetus coming from the moderate Democrats.- this would be a deal before election day which is 40 da...

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