Citigroup: Bullish momentum in the US stock market weakens, and European markets are also affected

Mars Finance reports that, according to Jinshi, Citigroup stated that bullish momentum in the US stock market continues to weaken, a trend also reflected in European markets. European stock market investors are facing political turmoil in France, with the European Central Bank expected to hold interest rates steady for the second consecutive time this Thursday. The report noted that bullish positioning in the US continues to decline, with the S&P 500 and Russell 2000 indices declining in normalization, despite some new risk-on inflows. Nasdaq positioning is more resilient, with bullish levels remaining elevated. The bank believes that recent US labor force data increases the likelihood of a Federal Reserve rate cut.