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Bullish positioning in US equities has been 'getting more extended' - Citi

July 9, 2024 8:46 AM EDT

According to the latest Citi Equity Markets Positioning Model note, the early focus on US elections, sparked by the presidential debate, has not curbed the risk appetite and bullish positioning in US equities.

Positioning has been "getting more extended," according to analyst Chris Montagu. "Nasdaq futures and ETF positioning have... More