Citi Warns Nasdaq Faces Increasing Downward Pressure

BlockBeats News, June 30th, Citigroup stated that bearish positions on the Nasdaq and S&P 500 indexes are building up, while elevated long positions make the Nasdaq vulnerable to further sell-offs. Meanwhile, investors continue to shift towards small-cap stocks.

In Europe, weakening inflows suggest fragile market sentiment, while Asia shows mixed positions, with bullish bets in South Korea and significant bearish positions in Hong Kong increasing the risk of a short squeeze.