Citi: Stocks may go sideways for one year

  • Markets
  • Tuesday, 07 Jul 2020

SINGAPORE: World stocks will probably tread water for a year, according to Citi strategists, who recommend a more defensive portfolio in the face of the fallout from the coronavirus pandemic.

Citi equity strategists are recommending clients play it safe by holding US stocks and healthcare shares and reducing exposure to bank shares, as earnings are likely to take a while to recover from the coronavirus fallout. — Reuters

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