Citi: Bullish momentum in the U.S. stock market weakens, European markets also affected

ChainCatcher news, according to Jinshi reports, Citigroup stated that the bullish momentum in the U.S. stock market continues to weaken, a trend also reflected in the European markets. European stock market investors are facing political turmoil in France, and the European Central Bank is expected to keep interest rates unchanged for the second consecutive time this Thursday. The report pointed out that bullish positions in the U.S. continue to decline, with the normalization levels of the S&P 500 and Russell 2000 indices decreasing, although there is still some new risk capital flowing into the market. The Nasdaq index's positions are more resilient, with bullish levels remaining high. The bank believes that recent labor data from the U.S. increases the likelihood of the Federal Reserve cutting interest rates.