Citi sees markets in a ‘stalemate’ over the next 12 months as bulls and bears collide
PUBLISHED MON, JUL 6 20207:12 AM EDTUPDATED MON, JUL 6 20208:37 AM EDT
Elliot Smith@ELLIOTSMITHCNBC
KEY POINTS
In its quarterly global equity report, Citi strategists said they would not be chasing markets higher from current levels, but would prefer to wait for the next dip.
Separately, RBC Capital Markets strategist Peter Schaffrik told CNBC the big question markets would like an answer to is whether more fluid localized lockdown measure are effective.
PUBLISHED MON, JUL 6 20207:12 AM EDTUPDATED MON, JUL 6 20208:37 AM EDT
Elliot Smith@ELLIOTSMITHCNBC
KEY POINTS
In its quarterly global equity report, Citi strategists said they would not be chasing markets higher from current levels, but would prefer to wait for the next dip.
Separately, RBC Capital Markets strategist Peter Schaffrik told CNBC the big question markets would like an answer to is whether more fluid localized lockdown measure are effective.