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 Bankrupt Crypto Lender Genesis Settles SEC Lawsuit READ MORE Inflation Data Shifts Fed Focus from 'If' to 'How Much' on Rate Cuts READ MORE Gold Prices Stabilize as Focus Turns to Upcoming US Economic Indicators READ MORE Economists Anticipate Fed's Shift from Rate Hikes to Cuts READ MORE Global Central Banks Favor Gold Over Dollar, Expecting Increased Reserves READ MORE Add a Comment Cancel replyYour email address will not be published.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