"Tech Sell-Off Warning: Signs of Correction and Inflation Impact on Stock Market"
Citigroup warns that the highly bullish investor positioning in U.S. technology stocks, such as XLK and QTEC, could lead to a potential selloff in the sector. Despite recent enthusiasm driven by strong fourth-quarter earnings reports from tech mega-caps and the S&P 500 hitting a record high, the market's net-long position in tech remains a risk, especially as the Nasdaq 100 Futures' tech short bets have been cleared.