Citi global data index2/23/2024 Their index is above three almost everywhere. “They are still bullish on cyclical sectors suggesting few fears of oncoming global recession.”Ĭiti calculates its index of global sell-side calls by aggregating those on all stocks in MSCI indexes, ranging from 5, a strong buy, to 1, a strong sell. “Analysts are net buyers of every sector in every region, but then they usually are,” he said, noting specific concentration on U.S. “Our index of global sell-side recommendations is back to peak bullishness levels reached in 20, after which global equities halved,” noted a team led by chief global equity strategist, Robert Buckland. And that’s a fat red flag investors may want to heed, warns our call of the day from Citigroup. “The central challenge to the notion that there will be a more meaningful Fed pivot is that the near-term inflation picture is likely to remain uncomfortably high,” said Goldman Sachs strategists Dominic Wilson and Vicki Chang in a late Monday note.īut amid the caution, there’s still plenty of stock buying recommendations out there from the sell side, that is the brokerages and investment banks. Set to break two-straight quarters of losses - up 9.3% in the third quarter so far. Wall Street does seem to be at pains lately to advise treading carefully with optimism that has the S&P 500
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