Citi’s quantitative strategists, led by Alex Saunders, recommend shorting U.S. stocks due to parallels with the late 1970s, an era characterized by high inflation. Their macro regime model is moving into late-cycle territory, pressured by tighter financial conditions with Treasury yields at two-decade highs and indigestion from a flurry of corporate bond issuance. Citi’s quantitative strategy differs from the fundamental analysts’ outlook at the same bank regarding U.S. market prospects.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
