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“Positions are completely one-sided”! Citigroup: After hitting new highs, shorts have surrendered in the US stock market.
Citi stated that with U.S. stocks hitting new highs for four consecutive weeks, investors' hold positions in s&p 500 futures are "completely one-sided," and those who stick to shorting are now surrendering. So far this year, the s&p 500 has risen more than 27%, setting multiple historical highs.
