{"id":38289,"date":"2026-02-14T03:58:25","date_gmt":"2026-02-14T03:58:25","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%af%b8%ea%b5%ad-cftc%ec%83%81%ed%92%88%ec%84%a0%eb%ac%bc%ea%b1%b0%eb%9e%98%ec%9c%84%ec%9b%90%ed%9a%8c-%ec%9e%90%eb%a3%8c%ec%97%90-%eb%94%b0%eb%a5%b4%eb%a9%b4-sp-500-%eb%b9%84%ec%83%81%ec%97%85\/"},"modified":"2026-02-14T03:58:25","modified_gmt":"2026-02-14T03:58:25","slug":"%eb%af%b8%ea%b5%ad-cftc%ec%83%81%ed%92%88%ec%84%a0%eb%ac%bc%ea%b1%b0%eb%9e%98%ec%9c%84%ec%9b%90%ed%9a%8c-%ec%9e%90%eb%a3%8c%ec%97%90-%eb%94%b0%eb%a5%b4%eb%a9%b4-sp-500-%eb%b9%84%ec%83%81%ec%97%85","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%af%b8%ea%b5%ad-cftc%ec%83%81%ed%92%88%ec%84%a0%eb%ac%bc%ea%b1%b0%eb%9e%98%ec%9c%84%ec%9b%90%ed%9a%8c-%ec%9e%90%eb%a3%8c%ec%97%90-%eb%94%b0%eb%a5%b4%eb%a9%b4-sp-500-%eb%b9%84%ec%83%81%ec%97%85\/","title":{"rendered":"\ubbf8\uad6d CFTC(\uc0c1\ud488\uc120\ubb3c\uac70\ub798\uc704\uc6d0\ud68c) \uc790\ub8cc\uc5d0 \ub530\ub974\uba74 S&P 500 \ube44\uc0c1\uc5c5(\ud22c\uae30) \uc21c\ud3ec\uc9c0\uc158\uc774 -132.9K\uc5d0\uc11c -105.1K\ub85c \uc99d\uac00\ud588\ub2e4."},"content":{"rendered":"\ubbf8\uad6d **CFTC(\ubbf8\uad6d \uc0c1\ud488\uc120\ubb3c\uac70\ub798\uc704\uc6d0\ud68c)** \ub370\uc774\ud130\uc5d0 \ub530\ub974\uba74, S&P 500 **NC \uc21c\ud3ec\uc9c0\uc158**\uc774 **-105.1K**\ub85c \uc0c1\uc2b9\ud588\uc2b5\ub2c8\ub2e4. \uc774\uc804 \uc218\uce58\ub294 **-132.9K**\uc600\uc2b5\ub2c8\ub2e4.\n\n\uc774\ubc88 \uc218\uce58\ub294 \uc774\uc804\ubcf4\ub2e4 **\ub35c \ub9c8\uc774\ub108\uc2a4**\uc785\ub2c8\ub2e4. \uc774\ub294 **\uc21c\ud3ec\uc9c0\uc158\uc774 0\uc5d0 \ub354 \uac00\uae4c\uc6cc\uc84c\uc74c**\uc744 \ub73b\ud569\ub2c8\ub2e4. \n– **NC(\ube44\uc0c1\uc5c5\/\ud22c\uae30 \uc138\ub825)**: \uc2e4\uc81c\ub85c \uc8fc\uc2dd\uc774\ub098 \uc0c1\ud488\uc744 \uc4f0\ub294 \uae30\uc5c5\uc774 \uc544\ub2c8\ub77c, **\uc218\uc775\uc744 \ub178\ub9ac\uace0 \uac70\ub798\ud558\ub294 \ud070 \ud22c\uc790\uc790(\ud5e4\uc9c0\ud380\ub4dc \ub4f1)**\ub97c \ub9d0\ud569\ub2c8\ub2e4. \n– **\uc21c\ud3ec\uc9c0\uc158(net position)**: **\ub9e4\uc218(\ub871) \uacc4\uc57d \uc218 \u2212 \ub9e4\ub3c4(\uc20f) \uacc4\uc57d \uc218**\uc785\ub2c8\ub2e4. \ub9c8\uc774\ub108\uc2a4\uba74 **\uc20f\uc774 \ub354 \ub9ce\ub2e4**\ub294 \ub73b\uc785\ub2c8\ub2e4. \n– **K**: **\ucc9c(1,000)**\uc785\ub2c8\ub2e4. \uc608: -105.1K\ub294 \uc57d **-105,100 \uacc4\uc57d**\uc785\ub2c8\ub2e4.\n\n

\ud22c\uae30 \ud3ec\uc9c0\uc158 \ubcc0\ud654<\/h3>\n\ud604\uc7ac \ud22c\uae30 \ud3ec\uc9c0\uc158\uc5d0\uc11c \ud070 \ubcc0\ud654\uac00 \ub098\ud0c0\ub098\uace0 \uc788\uc2b5\ub2c8\ub2e4. **\ud070 \ud22c\uc790\uc790\ub4e4\uc774 S&P 500 \ud558\ub77d\uc5d0 \ubca0\ud305\ud55c \uaddc\ubaa8\ub97c \uc904\uc774\uace0** \uc788\uc2b5\ub2c8\ub2e4. **-132.9K \uacc4\uc57d\uc758 \uc21c\uc20f**\uc5d0\uc11c **-105.1K \uacc4\uc57d\uc758 \uc21c\uc20f**\uc73c\ub85c \ubc14\ub010 \uac83\uc740, **\ud558\ub77d \ucabd\uc5d0 \ub300\ud55c \ud655\uc2e0\uc774 \uc57d\ud574\uc9c0\uace0 \uc788\ub2e4**\ub294 \uc758\ubbf8\uc785\ub2c8\ub2e4. \uc774\ub294 **2025\ub144 4\ubd84\uae30 \uc774\ud6c4** \uc6b0\ub9ac\uac00 \ubcf8 **\uac00\uc7a5 \ud070 \uc8fc\uac04 \uc20f \ucd95\uc18c**\uc785\ub2c8\ub2e4. \n– **\ud22c\uae30 \ud3ec\uc9c0\uc158(speculative positioning)**: \uac00\uaca9 \ubcc0\ub3d9\uc73c\ub85c \uc774\uc775\uc744 \ubcf4\ub824\ub294 \ud22c\uc790\uc790\ub4e4\uc774 \uc5b4\ub290 \ubc29\ud5a5(\uc0c1\uc2b9\/\ud558\ub77d)\uc5d0 \ub3c8\uc744 \uac78\uace0 \uc788\ub294\uc9c0\uc758 \uc0c1\ud0dc\uc785\ub2c8\ub2e4. \n– **\uc21c\uc20f(net short)**: \uc20f(\ud558\ub77d \ubca0\ud305)\uc774 \ub871(\uc0c1\uc2b9 \ubca0\ud305)\ubcf4\ub2e4 \ub9ce\uc744 \ub54c\ub97c \ub9d0\ud569\ub2c8\ub2e4. \n– **\uacc4\uc57d(contracts)**: \uc120\ubb3c\/\uc635\uc158 \uac19\uc740 \uc2dc\uc7a5\uc5d0\uc11c \uc4f0\ub294 **\uac70\ub798 \ub2e8\uc704**\uc785\ub2c8\ub2e4.\n\n\uc774 \ud750\ub984\uc740 \uc791\ub144 \ub9d0\uc5d0 \uc788\uc5c8\ub358 \uc2dc\uc7a5\uc758 \ud070 \ud754\ub4e4\ub9bc \uc774\ud6c4\uc5d0 \ub098\uc654\uc2b5\ub2c8\ub2e4. \ub2f9\uc2dc \ubcc0\ub3d9\uc740 **\ubb3c\uac00\uac00 \uc798 \uc548 \ub0b4\ub824\uac00\ub294 \uac83(\ub048\uc801\ud55c \uc778\ud50c\ub808\uc774\uc158)**\uc5d0 \ub300\ud55c \uc6b0\ub824\uac00 \uc6d0\uc778\uc774\uc5c8\uc2b5\ub2c8\ub2e4. \uadf8\ub7f0\ub370 \uc9c0\ub09c\uc8fc \ubc1c\ud45c\ub41c \uc815\ubd80 \ub370\uc774\ud130\uc5d0 \ub530\ub974\uba74, 1\uc6d4 **CPI(\uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218)**\uac00 **2.9%**\ub85c \ub0b4\ub824\uac14\uace0, \uc774\ub294 **18\uac1c\uc6d4 \ub118\uac8c \ucc98\uc74c\uc73c\ub85c 3% \uc544\ub798**\ub85c \ub0b4\ub824\uac04 \uc218\uce58\uc785\ub2c8\ub2e4. \uc774 \uc608\uc0c1 \ubc16\uc758 \uc88b\uc740 \uacb0\uacfc \ub54c\ubb38\uc5d0, \ub098\uc05c \uc18c\uc2dd\uc5d0 \ub300\ube44\ud574 \ud3ec\uc9c0\uc158\uc744 \uc7a1\uc544\ub450\uc5c8\ub358 \ud2b8\ub808\uc774\ub354\ub4e4\uc774 \uc0dd\uac01\uc744 \ubc14\uafb8\uace0 **\uc20f\uc744 \ub418\uc0ac\uc11c \uc815\ub9ac**\ud560 \uac00\ub2a5\uc131\uc774 \ud07d\ub2c8\ub2e4. \n– **\ub048\uc801\ud55c \uc778\ud50c\ub808\uc774\uc158(sticky inflation)**: \ubb3c\uac00\uac00 **\uc27d\uac8c \ub0b4\ub824\uc624\uc9c0 \uc54a\uace0 \uc624\ub798 \ub192\uc740 \uc0c1\ud0dc**\uac00 \uc774\uc5b4\uc9c0\ub294 \ud604\uc0c1\uc785\ub2c8\ub2e4. \n– **CPI(\uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218)**: \uc18c\ube44\uc790\uac00 \uc790\uc8fc \uc0ac\ub294 \ubb3c\uac74\/\uc11c\ube44\uc2a4 \uac00\uaca9\uc744 \ubb36\uc5b4 \ub9cc\ub4e0 \uc9c0\ud45c\ub85c, **\ubb3c\uac00 \uc0c1\uc2b9\ub960\uc744 \ubcf4\uc5ec\uc8fc\ub294 \ub300\ud45c \uc9c0\ud45c**\uc785\ub2c8\ub2e4. \n– **\uc20f\uc744 \ub418\uc0ac\uc11c \uc815\ub9ac(buy back shorts)**: \ud558\ub77d \ubca0\ud305\uc744 \ub05d\ub0b4\uae30 \uc704\ud574 **\ub9e4\ub3c4\ud588\ub358 \uac83\uc744 \ub2e4\uc2dc \uc0ac\uc11c \ud3ec\uc9c0\uc158\uc744 \ub2eb\ub294 \uac83**\uc785\ub2c8\ub2e4.\n\n\uc9c0\uae08 \uc0c1\ud669\uc740 \ud5a5\ud6c4 \uba87 \uc8fc \ub3d9\uc548 **\uc20f \ucee4\ubc84\ub9c1 \ub7a0\ub9ac**\uac00 \ub098\uc62c \uac00\ub2a5\uc131\uc744 \ub9cc\ub4e4\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc544\uc9c1\ub3c4 \ud558\ub77d\uc5d0 \ubca0\ud305\ud55c \uc0ac\ub78c\uc774 \ub9ce\uae30 \ub54c\ubb38\uc5d0, \uacbd\uc81c \uc9c0\ud45c\uc5d0\uc11c \uc88b\uc740 \uc18c\uc2dd\uc774 \ub354 \ub098\uc624\uba74 **\ucd94\uac00 \ub9e4\uc218(\uc20f \uccad\uc0b0 \ub9e4\uc218)**\uac00 \ub098\uc624\uba74\uc11c \uc2dc\uc7a5\uc774 \ub354 \uc624\ub97c \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774 \ud750\ub984\uc774 \uc57d\ud574\uc9c0\uae30 \uc804\uae4c\uc9c0\ub294 **\uc0c8\ub85c \ud558\ub77d \ubca0\ud305\uc744 \uc2dc\uc791\ud558\ub294 \ub370 \uc2e0\uc911\ud560 \ud544\uc694**\uac00 \uc788\uc2b5\ub2c8\ub2e4. \n– **\uc20f \ucee4\ubc84\ub9c1 \ub7a0\ub9ac(short-covering rally)**: \uc20f \ud3ec\uc9c0\uc158\uc744 \uac00\uc9c4 \uc0ac\ub78c\ub4e4\uc774 \uc190\uc2e4\uc744 \ud53c\ud558\ub824\uace0 **\uae09\ud558\uac8c \uc0ac\uba74\uc11c \uac00\uaca9\uc774 \uc624\ub974\ub294 \uc0c1\uc2b9**\uc785\ub2c8\ub2e4.\n\n2022\ub144 \ub9d0\uc5d0\ub3c4 \ube44\uc2b7\ud55c \uc6c0\uc9c1\uc784\uc774 \uc788\uc5c8\uc2b5\ub2c8\ub2e4. \ud22c\uae30 \uc138\ub825\uc758 \ud558\ub77d \uc2ec\ub9ac\uac00 \ub9e4\uc6b0 \uac15\ud588\ub358 \ub4a4, 2023\ub144 \ub3d9\uc548 \ud070 \uc0c1\uc2b9\uc774 \uc774\uc5b4\uc84c\uc2b5\ub2c8\ub2e4. \uacfc\uac70\uc5d0\ub3c4 \uc2ec\ub9ac\uac00 \ud55c\ucabd\uc73c\ub85c \uce58\uc6b0\ucce4\ub2e4\uac00 \ubc29\ud5a5\uc774 \ubc14\ub00c\uae30 \uc2dc\uc791\ud558\uba74, \uadf8 \ub2e4\uc74c \uc6c0\uc9c1\uc784\uc740 **\ube60\ub974\uace0 \uc624\ub798 \uac08 \uc218** \uc788\uc2b5\ub2c8\ub2e4. \uc774\ubc88 \uc20f \ucd95\uc18c\ub294 2026\ub144 \ucd08 \ud604\uc7ac\ub3c4 \ube44\uc2b7\ud55c **\uc804\ud658\uc810**\uc77c \uc218 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud569\ub2c8\ub2e4. \n– **\uc804\ud658\uc810(inflection point)**: \ud750\ub984\uc774 **\ubc14\ub00c\uae30 \uc2dc\uc791\ud558\ub294 \uc9c0\uc810**\uc785\ub2c8\ub2e4.\n\n

\uc5ed\uc0ac\uc801 \uc720\uc0ac\uc810\uacfc \uc2dc\uc7a5 \uc601\ud5a5<\/h3>\n\n\n

VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c \uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

CFTC\uc5d0 \ub530\ub974\uba74 S&P 500 \ube44\uc0c1\uc5c5 \uc21c\ud3ec\uc9c0\uc158\uc774 -132.9K\u2192-105.1K\ub85c \uac1c\uc120. \uc20f \ubca0\ud305 \uc57d\ud654, CPI 2.9% \ub454\ud654\uac00 \uc20f\ucee4\ubc84 \ucd09\ubc1c \uac00\ub2a5. 2022\ub144 \uc720\uc0ac \ubc18\uc804\ucc98\ub7fc \ub7a0\ub9ac \ucd09\ub9e4? – vtmarkets.com<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-38289","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=38289"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38289\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=38289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=38289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=38289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}