Citi has revised its stock ratings:
downgrading U.S. equities from "overweight" to "neutral" (Citi had been o'weight since October 2023, a good call)upgrading Chinese stocks to "overweight"Citing 'at least' a pause in the 'U.S. exceptionalism' narrative.
On China:
strength of China's tech industry, government support, and attractive valuations"DeepSeek" showcases China's technological advancementsInfo via a Bloomberg report (gated).
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