Citi downgrades US stocks, says higher the rates will put pressure growth

A trader works in advance of The closure bell on the floor of the New York Stock Exchange (NYSE) on April 12, 2019 in New York City.

Johannes Eisele | AFP | .

by Citigroup global strategy team believes rates will rebound in 2022, putting pressure on equity valuations and growth stocks. The bank downgraded the US stock market to neutral on wednesday why of the region addiction on Big tech stocks that could get hurt.

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