As the second quarter approaches, Citigroup equity strategists anticipate a shift in the US equity rally, predicting it will extend to more defensive market segments, especially those influenced by interest rates.“... td price action has run valuations higher, implying a burden on fundamental growth follow through.”
Citi’s analysis suggests a modest overweight in growth sectors, despite downgrading the technology sector to market-weight due to mixed prospects within its subsectors. Specifically, the software segment, which includes giants like Microsoft (NASDAQ:Elsewhere, the consumer discretionary sector is elevated to Overweight, buoyed by upgrades in the auto sector.
The Levkovich Index is Citi's sentiment gauge that follows everything from margin debt to short interest to the put-to-call ratio.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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