Citiwells Chief Investment Officer says she won’t put any more money in the stock now
- The S&P 500 slipped into the correction area. Behind the off-agen tariffs that were addressed earlier this month. Early trading on Tuesday saw stocks get higher before the shaking. Kate Moore, Citigroup’s Chief Investment Officer of Wealth, notes that more money will be in stock.
The uncertainty surrounding President Donald Trump’s tariffs is driving the market up.
Earlier this month, the S&P 500 entered the realm of corrections behind the repeated, repeated tariff threats. On Tuesday, stocks were subject to mutual tariffs. Dilutionhowever, that volatility was enough to warn Kate Moore, chief investment officer of Citigroup’s Investment Solutions Team CitiWealth, to put more money into the stock.
“It’s annoying to say this, but at this point you won’t spend more money working on a kind of risky asset. I said CNBC on tuesday. “I think the stock market will be caught up in trading scope in the near future, as both technological pressure and policy horrors hit us.”
Moore doesn’t think anyone should sell stocks. It’s been awaiting more, and it seems to be a trend in the economic world. Central banks are off interest rates Untouchedone is to see how tariffs and trade unfold. Consumer sentiment is Fallingbut everyone is waiting to see what hard data reveals, especially when consumer prices and economic growth are involved.
As of noon Tuesday, the market had shook a bit. The S&P 500 has risen by 0.06%, with more technology Nasdaq 0.30% increase, and Dow It fell 0.04%. “The stock market remains in the cut-off area, with the S&P 500 down around 7% below its recent peak,” George Bessie, the lead macro strategist at Convara, said in a statement Tuesday.
Vessey cited concerns about increasing uncertainty over trade policy and the slowdown in the economy that has driven the market’s recent rush. However, he also cited Trump’s recent comments on tariffs when the president cited Trump. hinted Vessey said at a break in some countries that helped rebound stocks by reducing investor fear to some extent.
However, the market could continue to swing. Goldman Sachs expects “first tariff announcements that will negatively surprise the market.” The economist wrote in his research notes on Tuesday, referring to the administration’s long-standing tariff plans that will come into effect on April 2. Furthermore, bank economists expect tariffs to be more important than what market participants expect.
Bank of America A recent research note said it saw its largest net stock sales since August. The equity strategist writes that the client has become a net seller for the first time in eight weeks as the S&P 500 recovered from DIP from the revised territory. In another memo from the bank, the strategist stated the lack of a tariff talk last week, reporting that they would narrow “a noticeable reduction in trade policy uncertainty index.”
This story was originally introduced Fortune.com