Citigroup: US stock position reset continues, S&P 500 and Nasdaq index face closing pressure

According to Wall Street Insider, Citigroup stated that US stock index futures are undergoing a position reset and there is still room for closing positions. Strategists such as David Chew pointed out that the sell-off of artificial intelligence and technology stocks has led to risk reduction, deteriorating US stock positions, and a bearish trend in the funding of large cap stocks. The position adjustment of the S&P 500 index mainly focuses on long liquidation, while the position adjustment of the Nasdaq index combines long liquidation and new short positions, reaching a one month low.