Large Speculators’ Positions on the S&P 500 Index Last Week
For the week ending March 2, 2018, the S&P 500 Index closed at 2,691.25. The index depreciating 2.0% after President Trump previewed possible tariffs on steel and aluminum imports. All of the sectors within the S&P 500 Index registered losses last week. The S&P 500 materials and industrials (XLI) lost close to 4% because they might have to incur higher costs to procure steel (SLX) and aluminum.