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Piper Sandler Maintains Citigroup(C.US) With Buy Rating, Raises Target Price to $80
Is the rally in the U.S. stock market unstoppable? Citigroup says more and more short sellers are waving the white flag.
Citigroup strategists say that as the s&p 500 index continues to reach new highs, it is set to record the largest annual increase since 2021, while short sellers in the usa stock market are abandoning their positions. "Investors' positioning on s&p 500 index futures is completely one-sided," Chris Montagu wrote in a report. "The usa stock market has reached new highs for the fourth consecutive week, and more short sellers are choosing to give in." There is no sign of a decrease in interest in the usa stock market this year. The s&p 500 index has surged by 27%, driven by a preference for technology stocks and usa assets, repeatedly setting record highs. Trump's election as president of the usa sparked people's interest in
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