Extended positioning in US technology stocks is putting investors at risk of a reversal, according to Citigroup Inc. strategists. Sustained enthusiasm over the AI theme has stretched bullish market wagers to the point where the Nasdaq 100 Index is particularly vulnerable, wrote the Citi team including David Chew . Concentrated long positioning in the index “raises the likelihood of profit‑taking a...
Extended positioning in US technology stocks is putting investors at risk of a reversal, according to Citigroup Inc. strategists. Sustained enthusiasm over the AI theme has stretched bullish market wagers to the point where the Nasdaq 100 Index is particularly vulnerable, wrote the Citi team including David Chew . Concentrated long positioning in the index “raises the likelihood of profit‑taking and long liquidation on any negative catalyst,” Chew said, noting increasing risks to the downside. Since hitting a bottom in late March, the S&P 500 Index is up 20%, while the Nasdaq 100 has surged 33%. The tech-heavy benchmark has spent almost the past six weeks in overbought territory based on momentum indicators. In the past week, continued risk flows caused positioning to become increasingly stretched, the Citi team said in a client note. The current setup is less worrying for the S&P 500 because of the sizable base retained by short sellers. This leaves scope for a further potential squeeze that would support the market, they added. “Weekly flows were firmly in the top quartile and driven by new longs rather than covering activity,” they said. “Nasdaq is extended bullish while S&P is nearing stretched levels.” In Europe, futures flows have improved, but aggregate positioning on the Euro Stoxx 50 remains “moderately bearish, highlighting still-weak conviction,” the team said. That in turn could potentially be good news for the benchmark in the event of positive developments in the Middle East conflict, as European stocks have been major laggards since the Iran war started. “The key risk for Euro Stoxx is the short-side positioning, which remains large and loss‑making, leaving the index vulnerable to a squeeze-up if positive momentum persists,” they added.
据一位在道富银行任职超过25年的交易员称，随着外国投资者抛售韩国股票的势头减弱，加上持续的经常账户盈余对韩元构成支撑，韩元汇率今年下半年可能反弹。 首尔分行外汇交易及销售主管Ji Wang Seo在接受采访时表示，如果全球风险情绪改善，外国投资者重返韩国资产，韩元兑美元汇率到年底有望走强至1，400区间低端。周二韩元兑美元报1，515左右。 受伊朗战事及韩国股市资金外流影响，韩元在3月底跌至200...
据一位在道富银行任职超过25年的交易员称，随着外国投资者抛售韩国股票的势头减弱，加上持续的经常账户盈余对韩元构成支撑，韩元汇率今年下半年可能反弹。 首尔分行外汇交易及销售主管Ji Wang Seo在接受采访时表示，如果全球风险情绪改善，外国投资者重返韩国资产，韩元兑美元汇率到年底有望走强至1，400区间低端。周二韩元兑美元报1，515左右。 受伊朗战事及韩国股市资金外流影响，韩元在3月底跌至2009年全球金融危机以来的最低水平。Seo表示，韩国股市持续走高可能会促使全球投资者在数月抛售之后重新建仓。 他指出，如果韩国央行加息，使韩美利差收窄，韩元也可能获得支撑。彭博汇编的数据显示，韩国利率互换市场对一年后的政策利率定价为3.84%，暗示未来 12个月将有超过五次25个基点的加息。 今年截至6月1日，外国投资者已净卖出657亿美元的韩国股票，创最大资金流出纪录。尽管如此，受三星电子和SK海力士等存储芯片制造商股价上涨推动，基准Kospi指数今年迄今仍上涨近一倍。 责任编辑：刘明亮
Private equity-controlled JetBio plans to build the world’s biggest commercial green jet fuel plant that uses ethanol in Brazil to take advantage of the country’s ample feedstock alternatives. The plant will rely on a diverse range of suppliers, including makers of sugar, second-crop corn as well as waste-based ethanol, for processing into sustainable aviation fuel, or SAF, according to William Mo...
Private equity-controlled JetBio plans to build the world’s biggest commercial green jet fuel plant that uses ethanol in Brazil to take advantage of the country’s ample feedstock alternatives. The plant will rely on a diverse range of suppliers, including makers of sugar, second-crop corn as well as waste-based ethanol, for processing into sustainable aviation fuel, or SAF, according to William Moore , JetBio’s chief executive officer. The company, owned by US-based Summit Agricultural Group , plans to start construction in the second half of 2027. Brazil’s dominance in making ethanol in a more environmentally-friendly manner than the US, the world’s biggest producer of the biofuel, drove the decision to set up the factory in the South American country. The plant is JetBio’s answer to the growing demand to decarbonize the aviation sector. “The US market doesn’t have the amount of low-carbon intensity ethanol that Brazil does,” Moore said. “Plus — like most things in US politics right now — the country does not have the most stable biofuels policy.” Regulatory shifts or delays, and dissent over blending mandates, have weighed on US biofuels policy. In contrast, Brazil’s government announced a mandatory 32% blend of ethanol into gasoline, although the rule has yet to be enforced. The major global grains producer and supplier is also promoting tests to mix up to 25% of biodiesel into traditional diesel. The large majority of SAF today comes from recycled cooking oil and waste animal fats, though ethanol producers have long eyed air travel as a potentially large new source of demand outside the biofuel’s typical use in road fuel markets. Ethanol’s abundance holds promise for products that can be blended with conventional jet fuel and used in modern aircraft without having to modify their engines. “We’re creating an exportable product that further diversifies the Brazilian economy away from agriculture,” Moore said. The new factory, which is scheduled to start production...
On Dec. 2, 1942, scientists achieved the world's first controlled nuclear chain reaction, under the stands of a college football stadium at the University of Chicago. The reactor looked nothing like the nuclear power plants of today: no hourglass-shaped cooling towers, no transmission lines, no yellow trefoils on the doors and gates. It was essentially a pile of blocks, some uranium, and much more...
On Dec. 2, 1942, scientists achieved the world's first controlled nuclear chain reaction, under the stands of a college football stadium at the University of Chicago. The reactor looked nothing like the nuclear power plants of today: no hourglass-shaped cooling towers, no transmission lines, no yellow trefoils on the doors and gates. It was essentially a pile of blocks, some uranium, and much more graphite, assembled to a height of about 20 feet. Somehow it worked; the group drank Chianti to celebrate. More than 80 years on, and the U.S. still leads the world in nuclear power. And yet that leadership comes with a big garish asterisk. Most of America's nuclear fleet was built for a different era, when power demands were steadier and utilities could justify massive, centralized power plants. These days, with the lightning-fast expansion of data centers putting new strain on an old grid, the years-long construction of a nuclear power plant looks painfully slow. That may be true for conventional nuclear power plants. But not every nuclear company today is developing a conventional reactor. Oklo (NYSE: OKLO) , in particular, is trying to build a smaller advanced reactor that could, in theory, put nuclear power on a timeline nearer to what data centers need. Continue reading
Intel says 'something has to give' with memory prices — company says it 'will continue to make sure that there are products which can take care of older memory technologies' Tom's Hardware
Intel says 'something has to give' with memory prices — company says it 'will continue to make sure that there are products which can take care of older memory technologies' Tom's Hardware
Smag Mobile Antenna Masts GmbH , a German supplier to the defense industry, is considering an initial public offering in Frankfurt in the coming months, according to people familiar with the matter. The company, backed by investment firm Aequita SE & Co. , is working with advisers including Berenberg on the potential listing, said the people, who asked not to be identified discussing private infor...
Smag Mobile Antenna Masts GmbH , a German supplier to the defense industry, is considering an initial public offering in Frankfurt in the coming months, according to people familiar with the matter. The company, backed by investment firm Aequita SE & Co. , is working with advisers including Berenberg on the potential listing, said the people, who asked not to be identified discussing private information. It’s been sounding out investors to gauge their appetite in a potential transaction, the people added. Details of the offering, including the timing, could still change, they said. Representatives for Smag and Aequita did not immediately respond to multiple calls and messages requesting comment. A representative for Berenberg declined to comment. Smag manufacturers masts and antennas for military use, including for air and drone defense, according to its website. It’s one of three units from German industrial group Salzgitter Maschinenbau AG acquired by Aequita in 2023. The company reported sales of €27.6 million in 2024, generating earnings before interest, taxes, depreciation and amortization of €4.1 million, according to its annual report for the year. Smag’s IPO would be the latest in a string of listings by European defense firms in recent years, fueled by the prospect of increased security spending by the continent’s governments. While a rally of sector stocks has lost steam in the last few weeks, peers like Vincorion SE continue to trade about their IPO price. For the latest news on equity capital markets activity in Europe, the Middle East and Africa, terminal users can follow the channel or visit NI BFWECMEU . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here .
Analysts Offer Insights on Technology Companies: Advanced Micro Devices (AMD), DigitalOcean Holdings (DOCN) and Fidelity National Info (FIS) The Globe and Mail
Analysts Offer Insights on Technology Companies: Advanced Micro Devices (AMD), DigitalOcean Holdings (DOCN) and Fidelity National Info (FIS) The Globe and Mail