Market Evolution towards Consumer Discretionary Sector, Says Citi Strategist
Tuesday, 2 April 2024, 15:17
Expert Analysis on Market Evolution
In the first quarter of 2024, many AI-led tech companies performed well while some faced challenges. Citi's Scott Chronert downgraded the tech sector and upgraded consumer discretionary, reflecting a broader market trend.
Citi's Position on Market Weight
- Citi downgraded tech sector to Market Weight
- Consumer discretionary sector upgraded to Overweight
Scott Chronert highlights the market's shift towards consumer discretionary, anticipating benefits from potential Fed policy changes.
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