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

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

“A political process that cannot accurately ascertain its leader, parties refusing to accept results and potential social disorder, all damage credibility and lower the confidence of investors,' Citi strategists say.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Hedge fund investing strategy, stocks to buy for recovery: BofA - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »