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Citi maintains overweight rating on U.S. equities, advises buying the next market pullback
Citi maintains overweight rating on U.S. equities, advises buying the next market pullback. The bank notes that stocks have remained resilient despite higher oil prices, interest rates, and Federal Reserve uncertainty. Citi expects AI to remain the key driver for U.S. equities, while observing that markets historically weaken after the Fed's first rate hike and ahead of midterm elections, before recovering towards year-end.
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