Citi the next to downgrade their outlook on US stocks

As opposed to HSBC here yesterday, Citi is instead turning overweight on Chinese stocks. On the downgrade to US equities, well it’s a bit late no? After yesterday’s fall, the S&P 500 is down 4.5% year-to-date and the Nasdaq down 9.5% year-to-date.

This article was written by Justin Low at www.forexlive.com.