Citigroup: U.S. stock market bullish momentum weakens, European markets face political turmoil

According to Jinshi data, 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. European stock market investors are facing political turmoil in France, with the ECB expected to keep interest rates unchanged for the second time this Thursday. Citi pointed out in the report that bullish positions in the United States continue to decline, and the normalization level of the S&P 500 and Russell 2000 indexes is declining, although some new risk funds are still inflows in the market. The Nasdaq index's position is more resilient, and the bullish level is still at a high level. The bank believes that recent workforce data from the United States has increased the possibility of the Federal Reserve's interest rate cut.