Citi Has Cut U.S. Stocks to Underweight
If you've been looking only in the U.S. for investments, you might want to think afresh.
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While Citigroup isn't calling for a definitive end to the U.S. bull market, it is telling clients that better opportunities can be found elsewhere.
In a note published on Monday, a team of Citi analysts led by equity strategist Robert Buckland pointed to the end of easing by the Federal Reserve as a key reason for the bank's downgrade of U.S. equities.