Fed's Waller sees 'no rush' to cut interest rates

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Citi on Large-Caps: 'strong earnings suggest that the current run up is less of a bubble than is feared'

February 23, 2024 6:24 AM EST

Citi on Large-Caps: 'strong earnings suggest that the current run up is less of a bubble than is feared'

The analyst comments "Large cap stocks with strong rallies into earnings on average drift higher. We run a quick study on extraordinary performance around earnings, as we have seen from NVDA. We collect data on S&P constituents in the last 30 years, some 1120 tickers and analyze the times where the stock has rallied 35%... More