Tech Stocks at Significant Risk of Selloff, Citi’s Montagu Says
(Bloomberg) -- US technology stocks are under “significant pressure” as investor positioning remains extended on the bullish side despite the past month’s selloff, according to Citigroup Inc. strategists.Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceGottheimer Calls for Rail Riders to Be Reimbursed for DelaysJohannesburg Mayor Quits Amid Infighting, Financial WoesLos Angeles Sees Remote Work