CITI CUTS U.S. EQUITIES TO NEUTRAL, WARNS ON TARIFF IMPACT
Citi just downgraded U.S. equities to Neutral from Overweight, flagging recessionary earnings revisions, rich valuations, and trade risks. They now expect global EPS growth of just 4% in 2025—well below consensus—and see…
— Wall St Engine (@wallstengine) April 14, 2025
WSJ: “This is different,” Dimon, chief executive of the country’s biggest #bank, said when asked how he compared this moment to past downturns. “It’s a significant change we’ve never seen in our lives.” Yes, very different & why we need physical #gold #silver pic.twitter.com/vxhUNLhOKk
— James Turk (@FGMR) April 12, 2025
Bob Michele, global head of fixed income at JPMorgan Asset Management, says he’s seen “a complete deleveraging of positions” that’s put downward pressure on treasury prices. pic.twitter.com/prxXphfdOk
— Bloomberg TV (@BloombergTV) April 13, 2025
⚠️Be mindful of BEAR MARKET rallies
Bear markets make fools of both bulls and bears.
In the Great Financial Crisis, the S&P 500 recorded over 6 bear market rallies.
After the 2000 Dot-Com Bubble burst we saw 5-6 bear market rallies as well.
READ MORE👇https://t.co/rUt1TqhVfv
— Global Markets Investor (@GlobalMktObserv) April 12, 2025
There’s deep skepticism around celebrating Trump’s latest pivot. DB’s credit analyst Steve Caprio: “This is still a sell rallies environment. Tariff uncertainty, growth weakness, a Fed risking policy errors in both directions, and fund outflows all suggest wider spreads ahead.”
— Lisa Abramowicz (@lisaabramowicz1) April 14, 2025
“We will reinstate the tariffs we just cancelled yesterday that we originally announced 10 days ago, then modified 8 days ago, updated 5 days ago, and increased 3 days ago.
Yes – I mean the April tariffs that replaced the March tariffs which superseded the February tariffs which… https://t.co/rGOPue3egz
— Sasha Yanshin (@sashayanshin) April 13, 2025
🚨🇨🇳🇺🇸This is the big problem with US trade policy, it changes almost by the day, no almost by the hour. One day it’s 145% tariffs on everything, the next morning 20+ percent of electronics are exempted, then in the afternoon these same electronics goods will get their own… pic.twitter.com/9w5WHzo3a7
— Barrett (@BarrettYouTube) April 14, 2025
