Buy the dip in gold but not stocks, say Citi’s global strategists

It has been a rough September for the stock market, with the S&P 500 SPX, +0.51% down over 7% so far.

The Citi team does acknowledge the “central bank put remains intrinsically tied to the equity market,” and that there will be more Treasury bond and credit purchases, and a desire to keep inflation-adjusted interest rates well below 1%. New York Federal Reserve President John Williams wraps up a week of Fedspeak with a speech. Durable-goods orders inched up 0.4% in August, after an upwardly revised 11.7% gain for July.

Gold price is still sky high, but why and until when? When to invest in gold & when to jump out? When do gold prices rise and fall? 👇 Gold GoldPrice Economy COVID19 Inflation Deflation investing investment

LamboJohnny Did you write this article ?

That seems like the type of thing a biggie at Citi investments wing would want to tell retail stock buyers so they could gobble up the downturn.

Let the left accuse trump of this, when he wins the left will have to shut it’s trap and accept it like we did last time.

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