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Citigroup Inc

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"US Tech Stocks Downgraded by Citi Strategists Amid Broadening Market Rally"

Originally Published 1 year ago — by Bloomberg

Citigroup Inc. strategists have downgraded their outlook on the US tech sector, shifting to a more cautious stance and reducing their recommendation to market-weight from overweight, while also issuing an underweight recommendation on hardware companies. They anticipate the stock rally to broaden beyond technology and have raised their outlook on consumer discretionary to overweight.

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"Citi Warns of Tech Stock Selloff Risk Due to Stretched Positioning"

Originally Published 1 year ago — by Yahoo Finance

Citigroup Inc. strategists warn that bullish investor positioning in US technology stocks could lead to a wider market rout if a selloff occurs, with wagers on declines in tech-heavy Nasdaq 100 futures completely erased. Despite a rally in US stocks and record highs in the S&P 500, caution is growing due to signals that the Federal Reserve may not cut interest rates as early as March, leading to stalled bullish trends in S&P 500 futures.

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