Citigroup: U.S. stock position unwinding may not be over yet

```htmlGolden Ten Data July 21st丨Citibank stated that US stock index futures are undergoing position resets, but there may still be further room for unwinding. Strategists including David Chew wrote that due to the recent sell-off in artificial intelligence and technology stocks triggering widespread de-risking, US stock positions have deteriorated sharply, and large-cap stocks are showing an overall bearish trend in fund flows. Notably, the S&P 500 index position adjustments are mainly dominated by long liquidation, while the Nasdaq index shows a more aggressive combination of long liquidation and newly established short positions, bringing its positions down to the lowest point in a month.```