Bull Run in Global Equities Is Old But Not Dead, Citigroup Says

The global rout in equities that kicked off October hasn’t dissuaded Citigroup Inc. strategists from their optimistic view of the market.

The bull run in stocks that began a decade ago isn’t over, Robert Buckland, Citigroup’s chief global equity strategist, wrote in an Oct. 2 note. Citi forecasts a 9% gain in global equities by the end of 2020, albeit with “dips along the way.”