Citi downgrades U.S. equities to neutral. Dimon warns of unprecedented downturn. Bob Michele sees complete deleveraging pressuring treasury prices…
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 …