Citigroup: The bullish momentum in the US stock market is weakening, and the European market is also affected.

According to ChainCatcher news and reports from Jin10, Citigroup stated that the bullish momentum in the U.S. stock market continues to weaken, a trend also reflected in the European markets. European stock market investors are facing political turmoil in France, and the Central Bank is expected to maintain interest rates unchanged for the second consecutive time this Thursday. The report noted that bullish positions in the U.S. continue to decline, with the normalization levels of the S&P 500 index and Russell 2000 index on the decline, although there is still some new risk capital flowing into the market. The Nasdaq index's positions are more resilient, with bullish levels remaining high. The bank believes that recent labor data from the U.S. increases the possibility of an interest rate cut by the Fed.