Investors stay neutral US equities, bearish Europe - Citi
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U.S. March Consumer Confidence at 104.2, versus estimate 101
March 28, 2023 10:02 AM EDTU.S. March Consumer Confidence at 104.2, versus an estimate 101
... MoreS&P CoreLogic CS 20-City Index (Jan MoM) -0.43% vs -0.5% Expected; (YoY) 2.55% vs 2.55%
March 28, 2023 9:00 AM EDTS&P CoreLogic CS 20-City Index (Jan MoM) -0.43% vs -0.5% Expected; (YoY) 2.55% vs 2.55%
... MoreFHFA House Price Index (Jan) 0.2% vs -0.3% Expected
March 28, 2023 9:00 AM EDTFHFA House Price Index (Jan) 0.2% vs -0.3% Expected
... MoreAdvance Goods Trade Balance (Feb) -$91.6B vs -$90B Expected
March 28, 2023 8:30 AM EDTAdvance Goods Trade Balance (Feb) -$91.6B vs -$90B Expected
... MoreWholesale Inventories (Feb P) 0.2% vs -0.1% Expected
March 28, 2023 8:30 AM EDTWholesale Inventories (Feb P) 0.2% vs -0.1% Expected
... MoreBofA client flows to US stocks biggest since October
March 28, 2023 7:53 AM EDTBank of America clients continue to buy U.S. equities despite the ongoing banking sector crisis. Last week, during which the S&P 500 added 1.4%, was the fourth consecutive week of inflows and the biggest since October (+$3.7 billion).
All three client groups - hedge funds, retail, and institutional... More
Banking turmoil 'likely to have consequences', stay away from US stocks - Citi
March 28, 2023 7:23 AM EDTCiti analysts led by Dirk Willer reiterated Underweight on U.S. stocks as they believe the banking sector crisis will likely leave consequences.
Invesco KBW Bank ETF is down 27% in March and Willer warns that the S&P 500 usually goes where banks go.
Sharp selloffs in banks are usually... More

