Citi: U.S. economy to face recession in 2024
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US equities bullish momentum fades - Citi
September 12, 2023 9:05 AM EDTNet positioning has gone from extended bullish in nearly all markets in early August to effectively neutral by mid-September, according to Citi analyst Chris Montagu.
In US equities specifically, the sell-off is characterized more by bullish momentum fading and investors reducing market exposure, Montagu told investors in a... More
BofA clients continue to buy US equities
September 12, 2023 8:48 AM EDTBofA clients continued their streak of purchasing US equities for the sixth consecutive week, with last weeks inflows standing at $2.4 billion.
This buying trend extended to both single stocks and ETFs, with single stocks being the preferred choice.
Institutional and retail clients shifted from being sellers in the prior week to buyers, while hedge fund clients were... More
