Short Squeeze Threat Looms as Traders Face Bearish Bets
Traders navigating bearish bets in the US stock market face the looming threat of a short squeeze, according to Citigroup Inc. strategists. The positioning in the US equity benchmark remains mildly net long, mirroring levels seen at the start of December. Citigroup strategists highlighted that remaining shorts are gradually accumulating losses, and a potential short squeeze looms if the market extends its upward trajectory.
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