Investor sentiment toward stocks is becoming more pessimistic as they build short bets in both US and European equity futures, according to Citigroup Inc. strategists.P 500 futures positioning and pulled a net $US5.1 billion from exchange-traded funds, the team led by Chris Montagu said.In Europe, wagers on a decline in the Euro Stoxx 50 tripled, albeit from a low base, they said.
On the other hand, the picture right now could also indicate that investors “are not convinced about the recent bearish turn”, they said.After a sharp rally at the start of 2023, both US and European stocks ended last week with their biggest five-day drop this year as signs of sticky inflation fuelled concerns that central banks will remain staunchly hawkish.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر: