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Selling Pressure has Reached a Crescendo, Equities Likely to Rebound - Citi
January 28, 2022 8:23 AM ESTCiti strategist Jamie Fahy has reflected on another difficult week for US equities as all three major indices are set to close in the green, barring any major surprises today.
Fahy notes that the bear markets dont tend to look like this while investors digest a possibility of the Fed hiking more than 4 times this year.
Cyclical US data and market indicators are rarely this strong during >10% drawdowns. Anyhow, 5-10% drawdowns are normal around... More
