Citigroup Warns Nasdaq Faces Mounting Selling Pressure as Short Positions Accumulate

SPX5000.63%
According to Citigroup, on June 30, the Nasdaq and S&P 500 are accumulating short positions, with elevated long positioning making the Nasdaq vulnerable to further selling pressure. Investors are meanwhile shifting toward small-cap stocks, with mixed regional sentiment evident across Europe, Asia, and other markets.
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