Wall St ends lower after bank rating cuts spark wider sell-off
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- S&P 500, Dow set for lower open after jobs report fuels rate-hike bets
- US nonfarm payrolls surge in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil heads for weekly gain as US-Iran fighting resumes; diesel hits record high
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
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Equities short-term positioning risks reduced, claims Citi's Montagu
August 8, 2023 11:28 AM EDTCiti 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

