Cointime reports: Citigroup strategists led by Beata Manthey downgraded US equities and global tech stocks to neutral and upgraded Europe excluding the UK to overweight, citing Europe’s lower dependence on the AI trade. The S&P 500 posted its biggest weekly drop since April 2025 and the Nasdaq 100 shed $2.3 trillion in a single session last Thursday, while the Stoxx 600 rose 0.2%. Manthey said AI assets could fall further before sentiment stabilizes.
Citi cuts US equities and tech to neutral, upgrades Europe to overweight
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