Wall St ends lower after bank rating cuts spark wider sell-off

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Equities short-term positioning risks reduced, claims Citi's Montagu

August 8, 2023 11:28 AM EDT

Citi analyst Chris Montagu said in a note Tuesday that over the past month, positioning across markets has become long and, in some cases, extended.

Even so, the analyst explained that profit-taking accelerated in the past week, with net notional positions falling for all markets, bar the Nikkei.... More