US bullish positioning continues to extend, Citi analysts say
Investing.com -- Bullish positioning in the US continues to gain momentum, despite a very mixed macro backdrop, according to Citi strategists.
Exchange-traded fund flows have aligned with these trends, signaling a consensus among both short- and long-term investors. “Nasdaq short losses are -2.4% on average with short positioning falling in a narrow band just above 21,050. At this juncture, losses are moderate, but continued market momentum could drive increased unwind risks and lend support to the index.”, and European banks increased, driven primarily by new long positions. This follows earlier signs of investor interest slowly returning to European markets.
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