23-05-2023, 08:56 PM
https://ttm.financial/m/news/1160054914
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Investors are boosting their bullish bets on US equities, making positioning increasingly “one-sided,” according to Citigroup Inc. strategists.
Market participants have added $21 billion in new long positions on the S&P 500 futures, Citi’s data showed, even as the Washington debt-ceiling talks dragged on. The weekly flow of new longs was one of the largest seen in recent years, it added.
“The momentum is clear, and positioning is increasingly one-sided. Longs outnumber shorts by more than 9 to 1,” said Citi strategists led by Chris Montagu. “The few remaining shorts are all in loss, but a short squeeze is not likely to significantly impact markets.”
That echoed with Goldman Sachs Group Inc.’s prime brokerage unit data: Hedge funds that make both bullish and bearish equity wagers have snapped up US shares for two straight weeks, with total purchases reaching the fastest pace since October.
.
Investors are boosting their bullish bets on US equities, making positioning increasingly “one-sided,” according to Citigroup Inc. strategists.
Market participants have added $21 billion in new long positions on the S&P 500 futures, Citi’s data showed, even as the Washington debt-ceiling talks dragged on. The weekly flow of new longs was one of the largest seen in recent years, it added.
“The momentum is clear, and positioning is increasingly one-sided. Longs outnumber shorts by more than 9 to 1,” said Citi strategists led by Chris Montagu. “The few remaining shorts are all in loss, but a short squeeze is not likely to significantly impact markets.”
That echoed with Goldman Sachs Group Inc.’s prime brokerage unit data: Hedge funds that make both bullish and bearish equity wagers have snapped up US shares for two straight weeks, with total purchases reaching the fastest pace since October.