US Stock Rally Faces Risk From Weaker Economy, Citi’s Kaiser Says
- Says risk-reward ‘is as bad as it has been’ in past 12 months
- Notes weaker economic growth could hurt stocks at record highs
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A slowdown in economic growth is becoming a bigger risk for US stocks as they scale record highs, according to Citigroup Inc.’s Stuart Kaiser.
The bank’s head of US equity trading strategy said the risk-reward for stocks looks “as bad as it has in the last 12 months or so” as the economy shows broad-based weakness.