Investor positioning in major U.S. indices moved lower again last week, with the S&P 500 attracting a new wave of short positions, according to strategists at Citigroup.
Chris Montagu’s team said the Nasdaq 100 stands apart from the broader retreat, supported by a combination of new long entries and ongoing short covering—lifting overall net exposure to the index.
In the U.K., FTSE 100 positioning has stayed mostly flat as traders hold their fire ahead of the government’s upcoming budget announcement.
Meanwhile, the Euro Stoxx 50 has been drifting lower for more than a month, though strategists note it still sits comfortably in bullish territory.
Flows in the European banking sector are dominated by long unwinding, indicating that investors are locking in profits after extended accumulation.
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