Citi said in an Aug. 21 report that investors should remain overweight equities and add to positions if the U.S. stock market pulls back before the midterm elections. The bank said recent concerns tied to artificial intelligence have not changed its broader constructive view. According to Citi, support for equities is coming from upward revisions to earnings expectations, improving liquidity conditions and a limited number of warning signals. Citi added that it remains positive on U.S. stocks overall and expects sector rotation to help cap downside. The call points to a strategy of using pre-election weakness as a chance to increase exposure rather than cutting risk.
BlockBeats reported on Aug. 21 that Citi advised investors to stay overweight equities and add to positions if the U.S. stock market pulls back before the midterm elections.
Citi said that despite recent concerns around artificial intelligence, support remains in place from upward revisions to earnings expectations, improving liquidity conditions and a limited number of warning signals.
The bank said it continues to favor U.S. equities and expects sector rotation to help limit downside.
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