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On June 2, Citi Group strategists stated that overly bullish positions in U.S. tech stocks are putting investors at risk of a market reversal. The Citi team, including David Chave, noted that the ongoing enthusiasm for artificial intelligence themes has pushed bullish market bets to their limits, making the Nasdaq 100 index particularly vulnerable. "Concentrated long investments in this index 'increase the likelihood of profit-taking and long liquidations in the event of any negative factors,' and the downside risks in the market are increasing," they warned. Since bottoming out in late March, the S&P 500 index has risen by 20%, while the Nasdaq 100 index has soared by 33%. According to momentum indicators, the Nasdaq 100 index has been in an overbought state for nearly six weeks.

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According to ChainCatcher and reported by Golden Ten Data, Citigroup strategists stated that the excessive bullish positions in U.S. technology stocks are exposing investors to the risk of a market reversal. The Citigroup team pointed out that the sustained enthusiasm for artificial intelligence themes has pushed bullish market bets to the limit, especially making the Nasdaq 100 Index vulnerable. Since bottoming out in late March, the S&P 500 Index has risen by 20%, and the Nasdaq 100 Index has soared by 33%.