Reply To: Traders Market Weekly: Memorial Weekend a Time for Reflection


Citi calls a bottom … said that peak bearishness for equities has passed:

“Over the near term, our high level takeaway is that the equity markets have reached a peak bearishness related to Fed expectations and recession risk,” Citi Strategist Scott Chronert wrote in a client note. “From here, we suspect that volatility will move more down the single stock path. With the Q2 reporting period approaching, we expect to see more evidence of this.”