As opposed to HSBC here yesterday, Citi is instead turning overweight on Chinese stocks. On the downgrade to US equities, well it's a bit late no? After yesterday's fall, the S&P 500 is down 4.5% year-to-date and the Nasdaq down 9.5% year-to-date.
Citi the next to downgrade their outlook on US stocks
- The firm shifts their view on US stocks to neutral from overweight previously
