The tech sector is witnessing an unprecedented surge in bullish bets, with the highest levels in three years, according to analysts at Citigroup. However, chances of a sudden pullback from investors also loom large. What Happened: Citigroup’s Chris Montagu, in a recent note to clients, noted a remarkable surge in long positioning in Nasdaq 100 futures, indicating an “increasingly one-sided” market. This follows the release of the personal consumption expenditures (PCE) report, reported Business Insider on Wednesday. “Our model signaled some profit taking pre PCE release before risk flows retur…
