Citigroup Inc. macro strategists have recommended exiting a short position in the S&P 500 and buying 10-year Treasuries after Thursday’s better-than-expected inflation data.
Steady corporate earnings and a rally in cyclical stocks relative to defensive sectors suggest US shares have further scope to rally in the coming weeks, the strategists said in a note following Thursday’s consumer price index print.
"Exit" - Google News
November 11, 2022 at 09:29AM
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Citi Strategists Say Exit Short US Equity Positions in Shift - Bloomberg
"Exit" - Google News
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