"Citi Warns of Tech Stock Selloff Risk Due to Stretched Positioning"
TL;DR Summary
Citigroup Inc. strategists warn that bullish investor positioning in US technology stocks could lead to a wider market rout if a selloff occurs, with wagers on declines in tech-heavy Nasdaq 100 futures completely erased. Despite a rally in US stocks and record highs in the S&P 500, caution is growing due to signals that the Federal Reserve may not cut interest rates as early as March, leading to stalled bullish trends in S&P 500 futures.
Topics:business#citigroup-inc#federal-reserve#finance#investor-positioning#market-risk#us-technology-stocks
- Citi Says US Tech Stocks Face Risk of Big Selloff on Positioning Yahoo Finance
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- Tech stocks are vulnerable to sharp selloff due to stretched positioning, Citi warns MarketWatch
- ‘The cautionary signals are off the charts.’ Ominous warnings point to a market correction – particularly in tech MarketWatch
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