Fed's Collins: Another 75-bps hike could be ahead
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- US stocks close down as oil spikes 12%, job market weakens
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- Oracle stock falls on report of scrapped Texas data center plans
- Kuwait cuts oil output as storage fills up
- Boeing reportedly nearing 500-aircraft deal with China ahead of Trump visit
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Chase UST, not SPX says Citi analyst
November 18, 2022 10:03 AM UTCIn a note to clients on Friday, Citi analyst Jamie Fahy told investors they should be chasing UST, not SPX.
Fahy explained that the rally in risk assets could continue at least until the mid-December central bank meetings.
"Median bear market squeezes are ~18% from trough to peak, which if realized this time around would bring the SPX to... More
