Nasdaq 100 at Risk? Citi Strategists Flag Potential Tech Sell-Off Citigroup strategists, led by Chris Montagu, warn of a significant risk of sell-off in US technology stocks due to extended bullish positioning despite recent market declines. With approximately $22.5 billion in long positions on Nasdaq 100 Index futures, any negative economic data could trigger substantial pressure on these positions, potentially amplifying downward market movements. This vulnerability comes as tech stocks face scrutiny over high valuations amid a slowing US economy, with the Nasdaq 100 still about 10% below its July peak. Investors are now closely watching upcoming economic data, particularly inflation figures, for insights into potential Federal Reserve interest rate cuts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts WGC: Is There a January Effect for Gold? READ MORE Currency Markets Hold Steady as Traders Eye U.S. Inflation Data READ MORE Towards Global De-dollarization: Iran Advocates for BRICS Digital Currency in 2024 READ MORE Silver Production Set to Grow 4.1% in 2024 with Operations Resuming READ MORE China's Gold Demand Lags Behind Global Trends in August READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment