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Published 2 months ago

Citi Says Bullish Bets On U.S. Tech Stocks Are At Three-Year High

Summary by Bloomberg

(Bloomberg) -- Bullish positioning in US technology stocks is at the highest in three years and other global markets are also looking stretched, raising the risk of a pullback, according to Citigroup Inc. strategists.Markets are “extended and turning increasingly one-sided,” strategist Chris Montagu wrote in a note dated March 4. Long positioning in Nasdaq 100 futures is “extremely extended,” while positioning in Europe and Japan’s Nikkei are al…

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Citi Says Bullish Bets On U.S. Tech Stocks Are At Three-Year High

(Bloomberg) -- Bullish positioning in US technology stocks is at the highest in three years and other global markets are also looking stretched, raising the risk of a pullback, according to Citigroup Inc. strategists.Markets are “extended and turning increasingly one-sided,” strategist Chris Montagu wrote in a note dated March 4. Long positioning in Nasdaq 100 futures is “extremely extended,” while positioning in Europe and Japan’s Nikkei are al…

2 months ago·United States

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