Citi: US stock market rally momentum is slowing
2025-09-09 16:00:37
Citigroup said that bullish momentum in US equities continued to weaken, a trend that was also reflected across the Atlantic in European markets. Investors in European equities are facing political turmoil in France, while the European Central Bank is expected to keep interest rates on hold for the second time in a row on Thursday. "Bullish positions in the US continue to decline, with normalisation levels in the S & P 500 and Russell 2000 declining, despite some new risk capital inflows into the market," Citi said in a report. "Nasdaq positions are more resilient and bullish levels remain high," the report added. The bank believes that recent labour data from the US make it more likely that the Federal Reserve will cut interest rates.
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