These 2 key triggers could bring the next round of market turbulence and Citi says to buy the dip

Markets are continuing their optimism for fiscal stimulus from President Joe Biden’s new administration. The S&P 500 lifted 1.39% yesterday to a fresh high—the best Inauguration Day rise in 36 years—with gains continuing into Thursday.

Financial valuations aren’t consistent with real-side measures like gross domestic product “by virtually all metrics,” according to the bank. This loads the gun for a turbulence trigger. Any turbulence is likely to hit equity and credit markets, according to the investment bank, because these asset classes are currently displaying volatility higher than recent norms.The investment bank’s Global Bear Market Checklist is registering 8/18 red flags following the latest rally, which is the most markers since 2009. The U.S. market has 9.5 red flags while it is lower in Europe, with 5.

Online retailer Amazon AMZN, +2.03% has offered to throw its weight behind the new government’s promise to increase distribution of COVID-19 vaccines across the U.S., saying that it could help Biden reach his goal of vaccinating 100 million Americans in the next 100 days.

Trump hasn't been jailed yet?

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Citi sees 10% market pullback, gives stocks that can buck the trendCiti's Tobias Levkovich said investors should seek out stocks with strong pricing power to protect against an inflation-inspired pullback. Pro Pro Saved you a click: Market is pretty high and it might go down but we don’t really know when, so here’s a few stocks that may or may not also go down that we need to get off of our equity desk’s books.
Source: CNBC - 🏆 12. / 72 Read more »