US stocks get an upgrade from Citigroup; Here's the rationale behind this move
Citigroup upgraded US equities to "overweight" from their earlier rating of "neutral" on a quality / defensive tilt in their global allocation. On the flip side, they have downgraded emerging market stocks to "neutral" from "overweight", citing their vulnerability to energy stocks and a stronger US Dollar.
Citigroup upgraded US equities to "overweight" from their earlier rating of "neutral" on a quality / defensive tilt in their global allocation. On the flip side, they have downgraded emerging market stocks to "neutral" from "overweight", citing their vulnerability to energy stocks and a stronger US Dollar.
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