Please try another search
© Reuters. Bullish flows for S&P 500 continue, but Nasdaq net shorts grow claims Citi
By Sam Boughedda
Citi analysts told investors in a note Tuesday that bullish flows for S&P 500 Futures continue, but momentum for the NASDAQ has reversed.
"Bullish flows for S&P 500 futures continue, with positioning and profits moderately rising," analysts said. "However, momentum appears to have reversed for Nasdaq, with net short positioning growing despite the underlying index rallying."
The analysts add that Nasdaq ETF positioning reflects an increasingly weaker medium-term outlook, with outflows accelerating, while in Europe, positioning activity was limited, with EuroStoxx and FTSE long positioning "marginally rising."
U.S. markets have rallied for the most part this year, although strong jobs data released last week has provided some uncertainty as market participants weigh up the potential for rates to continue moving higher.
"New long flows continue to dominate S&P 500 futures positioning, with +$5.9bn net new longs added over the week. Positioning is mildly bullish, and profit/loss levels are not extended," continued analysts.
"In Nasdaq, positioning activity has been more mixed despite the recent cash rally. Net positioning remains bearish with average short losses extended (-8.9%), elevating the near-term risk of a potential squeeze."
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.