Citigroup Turns Cold on US Stocks, Joining Wall Street Peers

Equity strategists at Citigroup Inc. lowered their view on US equities, saying the case to diversify away from the asset class is strengthening as the trade war undermines economic growth and earnings. Cracks in “US exceptionalism” will persist with the emergence of...

How Stock Market ‘Wealth Effect’ Could Slow the Economy

Market jitters over trade could damage more than your retirement fund balance. When investors feel less wealthy, they may also choose to spend less. Income is a paycheck, but wealth is at least partially a vibe. One day a portfolio of stocks is worth $100,000, and the...

Dollar Slides by Most Since 2022 as Traders Gird for More Losses

The dollar plunged Thursday, with the cost of hedging against further slides climbing to the highest since the Covid pandemic shuttered cities in early 2020. Markets expect more dollar weakness, with the Bloomberg Dollar Spot Index down 1.5% at the end of trading in...