Citi equity market positioning model notes positioning easing, but risks remain

Citi's model indicates a significant shift in equity market positioning, with a tech-led selloff resulting in long unwinds and increased short positions.

Newsquawk StaffPublished 21 Jul 2026, 07:33 UTCOn the live feed at 07:13 UTC — 4 more headlines followed before this page went public

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07:25

Israeli Finance Minister Smotrich says "the State of Israel has no interest in joining the conflict between Iran and the US - the current situation is the best for us", Ynet reports

07:22

Japanese Chief Cabinet Secretary Kihara says the specifics of monetary policy should be left to the BoJ

07:13

Citi equity market positioning model notes positioning easing, but risks remain

07:10

It was Iran which proposed the 10-day ceasefire, i24's Stein reports, citing sources; US said to be demanding a longer ceasefire and demanding even partial navigation of the Strait of Hormuz

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Citi says that a tech-led selloff triggered positioning deterioration across major equity markets, with long unwinds, new shorts and rising unrealised losses driving flows; Nasdaq reset lower, but remains vulnerable with all longs in loss.
DAX moved into bearish territory, while KOSPI faces the greatest deleveraging risk despite elevated positioning.
Upcoming earnings are seen as key to whether positioning stabilises or unwinds further.

Context

This suggests increased vulnerability in markets like the DAX and KOSPI, highlighting elevated risks ahead, particularly before upcoming earnings reports that may determine whether this trend intensifies or stabilizes.

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