Citigroup: downgraded US stock market rating

According to BlockBeats, on March 11th, Citigroup downgraded its rating on US stocks from overweight to neutral, and raised its rating on Chinese stocks to overweight, stating that US exceptionalism has at least been suspended. A report by Dirk Willer and other Citigroup strategists shows that the interruption of American exceptionalism is now becoming more apparent; Since October 2023, the company has been increasing its holdings of US stocks. Citigroup expects that the growth momentum in the United States will be lower than other regions around the world, but when the narrative of artificial intelligence once again dominates, the US stock market may recover and outperform the market. (Sina)