Citigroup Downgrades U.S. Stocks Amid Global Risks
Citigroup strategists have lowered their U.S. equity rating from overweight to neutral, citing:
· Erosion of U.S. "exceptionalism" in GDP & earnings growth
· Elevated market valuations amid worsening EPS revisions
· Rising risks from European fiscal policies and trade tensions
Key Insight: The shift reflects growing preference for non-U.S. markets as diversification gains urgency.