Post election market rally could stall on profit taking, Citi says

Investing.com -- Near-term profit-taking could limit further upside for the post-election equities rally, according to Citi strategists.

Bullish positioning has grown across US indexes, indicating sustained investor risk appetite after the election and the rate cut. According to Citi,Furthermore, long positions across all three indexes are above the 98th percentile, highlighting “an extremely bullish outlook,” Citi strategists led by Chris Montagu said.

Losses for average short positions on Nasdaq are around -5.6%, which may lead to more near-term covering, providing potential support for the index at its present levels.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

Investingcom /  🏆 450. in AT

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

JPMorgan, Bank of America, Citi Shares: Playing Offense and Defense Post EarningsStocks Analysis by Brian Gilmartin covering: Citigroup Inc, Bank of America Corp, Intel Corporation, Cisco Systems Inc. Read Brian Gilmartin's latest article on Investing.com
Weiterlesen »

Citi calls these smaller stocks buys that are expected to rally from hereAttractive valuations and a narrowing expected earnings growth gap are two justifications for the continued rotation into smaller names, Citi said.
Weiterlesen »