Investors de-risking both long and short bets as Fed, tech earnings loom- Citi
Investing.com-- Investors were seen reducing both long and short positions over the past two weeks, Citi analysts said, with investors turning cautious before a Federal Reserve meeting, major technology earnings and key jobs data this week.
Apart from the Fed, focus this week is also on a slew of mega-cap technology earnings, including Microsoft Corporation . A rout in technology stocks was a main driver of market weakness and volatility over the past two weeks, with underwhelming earnings from Alphabet Inc (NASDAQ: Chinese markets, however, saw increased short positions over the past week, amid sustained concerns over a slowing economic recovery in the country.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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