Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Citi Sees Another Year of Bull Market

Published 07/10/2018, 06:44 AM
Updated 07/10/2018, 06:44 AM

Investing.com - The bull market is alive and well, so investors should keep buying the dips, according to City Research.
The Wall Street firm expects global stocks to climb another 9% over the next 12 months, despite concerns about a trade war and higher interest rates.
In a note to clients, Citi said the "U.S. growth outlook remains strong," thanks to attractive lending and fiscal stimulus.
Those conditions support corporate earnings, which should drive stocks higher.
Citi also upped its weighting on U.S. stocks from neutral to overweight.
The firm said it saw few signs of a bear m arket but did warn that stocks had entered "the last part of the bull market."

Latest comments

Couple of weeks ago they were forecasting a bear mkt and a full turn... what happens need money FRESH to burn....
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. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.