China bullish flows continue, US sentiment improves after jobs report: Citi
The change is partly due to investors unwinding previously profitable short positions, although more recent activity has seen these unwinds happening on positions at a loss. However, the significant rise in open interest suggests investors are actively increasing their long exposure, adding new risk.had already been extended prior to last week, with flows becoming more mixed in recent days.
“This suggests that positioning could amplify volatility near-term through unwinds of shorts on a rally or of longs in a sell-off; each scenario could amplify the initial market moves,” the strategists continued.index remains close to neutral. Over the past month, bearish sentiment has decreased, but momentum has stalled, and investors have not shifted to net long positions.
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