Investors added over $16B in new risk flows to the S&P 500: Citi
, reversing a recent trend of risk aversion. This influx has pushed S&P 500 positioning to elevated levels, as per analysts at Citi Research in a note dated Monday. Positive economic data appears to have underpinned this renewed investor confidence.
These developments have contributed to a more optimistic economic outlook, reducing fears of a protracted inflationary period and offering the Federal Reserve more flexibility to manage interest rates. “Nasdaq and Russell position flows followed a similar rising trend, but the magnitude of flows was much smaller,” they added.
The Nasdaq, in particular, had been under pressure from long position losses, but these losses have now eased significantly, reducing pressure on investors and improving the overall profit setup for the index.
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