Citi: Bullish Momentum in U.S. Stocks Weakens, Nasdaq Positions Remain Resilient

Citigroup released a report stating that bullish momentum in the U.S. stock market is weakening, with the normalization levels of positions in the S&P 500 Index and Russell 2000 Index continuing to decline, despite some new risk capital inflows into the market. In contrast, the Nasdaq Index positions have shown greater resilience, with bullish levels remaining high. Citi noted that this trend is also reflected in the European market, where European stocks are influenced by political uncertainty in France and expectations surrounding European Central Bank (ECB) policies. The ECB is expected to keep interest rates unchanged for the second consecutive time this Thursday. Additionally, recent weak U.S. labor market data has further heightened expectations that the Federal Reserve may cut interest rates.