Reported 2 months ago
According to Citigroup's Chris Montagu, US technology stocks are facing significant risks amid extended bullish positions, with about $22.5 billion worth of long positions in the Nasdaq 100 Index. The potential for negative economic data could intensify pressure on these long positions, which already bear an average loss of 7.6%. This backdrop raises concerns, especially as investors await key economic indicators related to inflation and the possibility of interest rate cuts.
Source: YAHOO