CITI: BROADER U.S. EQUITY FLOWS, BUT NASDAQ POSITIONING RISK PERSISTS
U.S. equity positioning broadened last week, but Citi warns stretched Nasdaq exposure remains a key risk. Small caps saw strong inflows, while Nasdaq gains were driven by short covering and new longs. Europe turned more positive with fresh buying in EuroStoxx, DAX and FTSE, though short exposure remains elevated. Asia showed mixed-to-negative flows, with Hang Seng weakening and KOSPI seeing renewed shorting.
Citi notes U.S. equity positioning broadened with small-cap inflows, but warns Nasdaq remains overextended with gains from short covering. European indices turned positive though shorts persist. Asia mixed-to-negative.
关键要点
U.S. equity positioning broadened, small caps saw strong inflows
Nasdaq positioning stretched and risky, gains driven by short covering and new longs
European indices (EuroStoxx, DAX, FTSE) turned positive with fresh buying, elevated shorts remain
Asia flows mixed-to-negative, Hang Seng weakening, KOSPI seeing renewed shorting
