Citi Warns US Tech Stocks Face Risk From Overbought Positioning
Citigroup strategists warn that extended bullish positioning in U.S. tech stocks, particularly the Nasdaq 100 Index, could lead to a reversal due to overbuying and concentrated long positions. The index has surged 33% since late March but remains in overbought territory for nearly six weeks.
Tickers: $C
Topics: bullish positioning Nasdaq 100 Index risk of reversal US tech stocks