Citi: U.S. tech stocks face reversal risks due to excessive bullishness

According to Jinshi reports, Citigroup strategists have stated that the excessive bullish positions in U.S. tech stocks are putting investors at risk of a market reversal.

The Citigroup team pointed out that the ongoing enthusiasm for artificial intelligence has pushed bullish market bets to the limit, particularly making the Nasdaq 100 index vulnerable to shocks. Since hitting a bottom in late March, the S&P 500 index has risen by 20%, and the Nasdaq 100 index has soared by 33%.