Citigroup: U.S. stock market uptrend is slowing

Huobi HTX reported that Citigroup said that the bullish momentum of the U.S. stock market continues to weaken, and this trend is also reflected in the European market across the Atlantic. European stock market investors are facing political turmoil in France, while the European Central Bank is expected to keep interest rates unchanged for the second consecutive Thursday. Citi pointed out in a report: "The bullish positions in the United States continue to decline, and the normalization level of the S&P 500 and Russell 2000 index is declining, although some new risky funds are still inflows in the market." The report added, "The positions in the Nasdaq are more resilient, and the bullish levels are still at high levels." The bank believes that recent labor data from the United States has increased the possibility of the Federal Reserve's interest rate cut.