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Citi downgrades US and tech stocks; upgrades European stocks excluding UK

Investing.com · ·by G4L

  1. 1Citi downgraded its investment opinion on US stocks and global and European tech stocks from Overweight to Neutral.
  2. 2Citi warned that an additional 5% decline is needed for Nasdaq positioning to shift into the net-selling zone.
  3. 3Citi upgraded its investment opinion on European stocks excluding the UK and the European food and beverage sector to Overweight.

So what's the key point?

Citi lowered its investment opinion on US and tech stocks. It warned that the Nasdaq would need to fall another 5% to shift into net-selling territory.

Source Investing.com · View original ↗

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