AI mania drives Wall Street to higher close ahead of earnings
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Citi says US equities bullish momentum has waned
July 25, 2023 1:26 PM EDTCiti analyst Chris Montagu told investors in a note Tuesday that bullish momentum has waned as investors close out profitable futures positions.
"Despite the recent unwind, US markets remain extended long but with moderating profit levels and near-term positioning risk falling," the analyst wrote.
"Despite European markets... More
