Ahead of the New York market opening, the S&P 500 index is showing a minimal change with a projected gain of 0.00%, despite futures indicating a decline of 0.41% since the previous close. The latest cross-asset model from ExanteData highlights that the most bullish signal comes from interest rates at +0.16%, while the foreign exchange signal remains the least bullish at -0.05%. Over the past 20 days, the S&P has outperformed global assets correlated to risk sentiment, showing a cumulative outperformance of 3.24%. Additionally, reports indicate that asset managers and hedge funds have shifted to net selling, as noted by Citi, which suggests a cautious approach among institutional investors. Goldman Sachs has also modeled commodity trading advisors (CTAs) as sellers of U.S. stocks in all scenarios for the upcoming week and in two-thirds of scenarios for the following month. Furthermore, insider selling has reportedly reached unprecedented levels, indicating potential concerns about market conditions.