BofA client flows to US stocks biggest since October
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Investors stay neutral US equities, bearish Europe - Citi
March 28, 2023 11:09 AM EDTCiti analyst Chris Montagu told investors in a note on the firm's equity markets positioning model that investors remain neutral on the US and bearish on Europe.
"Continued volatility in market returns is not matched with any clear flow momentum," wrote Montagu. "Positioning gives no clear direction for... More
Banking turmoil 'likely to have consequences', stay away from US stocks - Citi
March 28, 2023 7:23 AM EDTCiti analysts led by Dirk Willer reiterated Underweight on U.S. stocks as they believe the banking sector crisis will likely leave consequences.
Invesco KBW Bank ETF is down 27% in March and Willer warns that the S&P 500 usually goes where banks go.
Sharp selloffs in banks are usually... More
