Wall St falls as labor data spurs rate hike jitters before debt ceiling vote
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Bullish flows continue but large profit levels may limit upside for stocks - Citi
May 31, 2023 6:17 AM EDTInvestors continue to add more risk to U.S. equities, according to Citi strategist Chris Montagu. Last week, during which the S&P 500 added 0.3%, bullish flows increased.
Nasdaq positioning is now at 3-year highs with elevated profit levels, Montagu notes. Tech stocks are surging amid AI-linked frenzy with Nasdaq... More
