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Citi strategist Jamie Fahy said more downside is warranted for stocks because earnings expectations have not yet adjusted to rising rates and quantitative tightening. The note followed a sharp late-May rally and a choppy session after the Memorial Day weekend.
Expectations of further equity weakness point to tighter financial conditions and risk aversion, with only indirect implications for feed commodities.
finance.yahoo.comBrian SozziJun 1, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
