The latest market wobble sees Citi giving up on this big tech trade

The latest market wobble sees Citi giving up on this big tech trade The latest market wobble sees Citi giving up on this big tech trade Hyperscalers and growth plays have underperformed amid a sharp rotation Meta is one big tech company whose shares have not done well in recent weeks Recent weakness in stock markets has helped convince Citi strategists to throw in the towel on one of their main trades: being long hyperscalers and growth stocks. In a note published over the weekend, head of Citi equity trading strategy Stuart Kaiser admitted his prediction that many AI-focused equities would benefit from a well-received earnings season and light positioning by investors has not worked. Copyright ©2026 MarketWatch, Inc.

All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 The election will be good news, regardless of outcome, says Morgan Stanley’s chief stock-market strategist Retired World Series champ Matt Holliday lists $11.6 million Arizona estate he bought months ago Tech stocks have made big V-shaped rebounds five times in 30 months — and now Deutsche Bank forecasts another bounce Your stock portfolio increasingly hinges on the bond market — and the midterm elections Jamie Chisholm is a markets reporter for MarketWatch based in London. Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET.

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