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 Gold Gains on Revised US GDP Figures and Lower Treasury Yields READ MORE Falling Retail Sales Drive Treasury Yields Down, September Rate Cut Likely READ MORE Powell Warns of Extended High Interest Rates in Face of Persistent Inflation READ MORE Gold Inches Higher with Eyes on Major U.S. Economic Reports READ MORE JP Morgan: Is It a Golden Era for Gold? READ MORE Add a Comment Cancel replyYour email address will not be published.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