Citigroup Sees Aggressive US Stock Shorts as Nasdaq 100’s 5% Drop Only Partly Resets Tech Bets
Updated
Updated · Bloomberg · Jun 9
Citigroup Sees Aggressive US Stock Shorts as Nasdaq 100’s 5% Drop Only Partly Resets Tech Bets
2 articles · Updated · Bloomberg · Jun 9
Summary
Citigroup strategists said traders are aggressively building short positions in US stocks, flagging rising market risk even after last week’s sharp selloff.
A near 5% plunge in the Nasdaq 100 on Friday — its steepest one-day drop in 14 months — only partially reduced investor exposure, according to the team led by David Chew.
Bullish positioning in technology stocks remains stretched, leaving the market vulnerable if crowded long bets unwind further or short-selling pressure intensifies.