Citi Downgrades Tech Stocks and Favors a Defensive Rotation

Citi downgrades US stocks to 'neutral' as AI sell-off, regulatory risks mount

Citigroup strategists have downgraded US equities to neutral due to ongoing market volatility and regulatory concerns. This decision follows a significant sell-off that erased $3 trillion from the market value of S&P 500 companies. The strategists expressed worries about the potential for key indices like Nasdaq to shift into net-short territory. They also adjusted global and European technology sector ratings to neutral while upgrading healthca…

Citi downgrades tech stocks and favors a defensive rotation

Citi cuts U.S. and tech equities, upgrades Europe ex-UK, and backs a barbell strategy in materials and health care.

Citi Strategists Cut US Stocks, Upgrade Europe After AI Turmoil

Citigroup Inc. strategists downgraded US stocks and the global tech sector, while upgrading European equities because of their lower exposure to AI turbulence.