Citigroup: Downgrades U.S. Stock Market Rating

ChainCatcher news, according to Sina reports, Citigroup has downgraded its rating on U.S. stocks from "Buy" to "Neutral," while upgrading its rating on Chinese stocks to "Buy," stating that the U.S. exceptionalism has at least paused.

A report by Citigroup strategists including Dirk Willer shows that the interruption of U.S. exceptionalism has become more apparent; the firm has been overweight on U.S. stocks since October 2023.

Citigroup expects the growth momentum in the U.S. to be below that of other regions globally, however, when the artificial intelligence narrative regains dominance, the U.S. stock market may return to outperforming the market.