Wall Street Short Sellers Throwing In the Towel, Citigroup Says
- S&P 500 futures positioning ‘completely one-sided’: Citi
- Gap widens with Europe, where sentiment remains bearish
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Short-sellers are capitulating as the S&P 500 Index keeps hitting record highs and is set for its best year since 2021, according to Citigroup Inc. strategists.
Investor positioning in S&P 500 futures is “completely one-sided,” the strategists led by Chris Montagu wrote in a note. It’s “setting new highs for a fourth consecutive week and increasingly the hold-out shorts are capitulating,” they said.