S&P 500 at record highs, but Citi warns of vulnerability due to stretched positions

From Investing.com: 2024-11-25 22:26:47

Positioning in the S&P 500 hit record highs on improved risk appetite, but Citi analysts warned of vulnerability due to stretched bullish positions. Long notional positions exceeded $100 billion, reflecting a one-sided market after Trump’s election victory. Wall Street saw a risk-on rally, despite Citi’s caution about potential pullbacks. Economic data fueled record highs in November, with investors waiting to see Trump’s policies. The nomination of Scott Bessent as Treasury Secretary boosted sentiment, but Trump’s tariff threats on China, Canada, and Mexico caused a sharp turn in sentiment.



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