Citi tells rich clients: stop being so nervous about stocks

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'The point of view of many family clients I meet is one of a world full of angst due to politics and trade.'

We’ll be curating stories from management guru John Bittleston and making them free to read.Mr Bailin said he hopes the report will help clients stay fully invested and avoid"the fear and paralysis" that led many to miss this year's market rebound.

"Manufacturers both for consumer goods and industrial goods were expecting a downturn that never happened," he said. The bank predicts the expansion will continue, anticipating global corporate earnings to rise 7 per cent or more from current levels, barring an escalation of trade disputes. Citi also forecasts equity returns in the US and abroad of about 7 per cent in 2020."In the US, we take positive yield for granted, but at one moment this year there was around US$18 trillion in negative-yielding global debt," Mr Bailin said.

 

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