Citi says bullish flow support is returning to markets By Investing.com

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<span>© Reuters. Citi says bullish flow support is returning to markets</span><br />
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<p>Citigroup strategists observe a resurgence of bullish momentum in both U.S. and European stocks after two weeks of slowing futures flows.</p>
<p>The team notes that current flow momentum is strongly bullish as the year approaches its end, coinciding with significant economic releases and central bank meetings.</p>
<p>“Momentum in futures flows is back, especially in the latter part of last week. This follows on from weeks of limited momentum and leaves S&amp;P net positioning neutral while Nasdaq is slightly bullish,” analysts said.</p>
<p>Eurostoxx futures positioning has become more net bullish than that of the US market in the past week.</p>
<p>“The bullish momentum is even stronger in which have had 8 consecutive sessions of new longs moving normalized positioning from +1.5 to +3.7.”</p>
<p>Conversely, net positioning on China A50 is reported to be the most bearish, experiencing a third consecutive week of unwinding longs and increased shorts, resulting in nearly one-sided net short positioning.</p>
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<br /><a href="https://www.investing.com/news/stock-market-news/citi-says-bullish-flow-support-is-returning-to-markets-432SI-3254523">Source link </a></p><p>The post <a href="https://forextraderhub.com/citi-says-bullish-flow-support-is-returning-to-markets-by-investing-com.html">Citi says bullish flow support is returning to markets By Investing.com</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>