# Stocks: Why 'more downside is warranted,' according to Citi

> 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.

- Date: 2022-06-01 · published 2022-06-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12862-stocks-why-more-downside-is-warranted-according-to-citi
- Commodities: [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

Expectations of further equity weakness point to tighter financial conditions and risk aversion, with only indirect implications for feed commodities.

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/stocks-why-more-downside-is-warranted-citi-105545275.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.