Warning of potential profit-taking due to stretched Nasdaq positioning, investors advised to exercise caution

Citi’s chief strategist, Robert Buckland, warns of profit-taking risks as Nasdaq positioning reaches stretched levels. The tech-heavy index has seen a strong rally, prompting concerns of a potential pullback. Investors are advised to exercise caution and consider rebalancing their portfolios to manage risk.

Read more at Investing.com: Citi’s Montagu: Profit-taking risks elevated as Nasdaq positioning stretched