(Bloomberg) — Citigroup Inc. strategists are warning about a sense of euphoria and “substantive” complacency in financial markets, when the impact of the coronavirus is not yet clear.“Pretty much every client we talk to wants to buy the dip, and that is not comforting,” wrote Tobias Levkovich, chief U.S. equity strategist, in a note Wednesday. “While there may be some good news on a potential slowing of the outbreak’s spread outside of the Hubei province, we are reticent to think that the impact is behind us now.”Global equities have rebounded strongly this week, with U.S. stocks surging to fresh records, …read more
Source:: Yahoo Finance
