“Significant Pressure” on US High-Tech Stocks, Risk of Show-Selling Has Not Disappeared - City
2024/8/13 22:00 JST (some excerpts)
NASDAQ 100 futures are still long worth 22.5 billion dollars
If bad data comes out, we will amplify downward movement - Montagu's team
Citigroup strategists point out that “significant pressure” is being applied to US high-tech stocks. It is said that this is because the bullish positions of investors are still expanding despite the sell-off that occurred in the past month.
The City team led by Chris Montagu stated in a report that long positions equivalent to about 22.5 billion dollars (about 3,320 trillion yen) remain for futures linked to the Nasdaq 100 Index, which has a high proportion of high-tech stocks.
NASDAQ 100 futures are still long worth 22.5 billion dollars
If bad data comes out, we will amplify downward movement - Montagu's team
Citigroup strategists point out that “significant pressure” is being applied to US high-tech stocks. It is said that this is because the bullish positions of investors are still expanding despite the sell-off that occurred in the past month.
The City team led by Chris Montagu stated in a report that long positions equivalent to about 22.5 billion dollars (about 3,320 trillion yen) remain for futures linked to the Nasdaq 100 Index, which has a high proportion of high-tech stocks.
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