Legacy stocks are leaders now, but 5G and other digital revolutions promise to return the disregarded innovators of yore to the fore again, Citi says.
Despite a chorus of skepticism, the bank lays out how the market may have stabilized—with caveats, of course.
S&P 500, aside from yesterday’s rally, has dipped up to 13% due to epidemics, Citi says.
Normally, their profit potential would go straight into the garbage. But not now.
Barclays, RBS, Citigroup, JP Morgan, and MUFG allegedly participated in forex cartels.
Recovery in raw materials should persist if an expected end to the trade tiff comes.
Citigroup’s von Moltke to join the firm in July, and lead intensive cost-cutting efforts.