Trump Trade's So Dead You May as Well Buy It, Says Citigroup
- Fiscal policy, tax cuts will become growth driver as Fed cuts
- Citi is overweight cash to take advantage of opportunities
Citigroup's Levkovich Calls Market Sentiment 'Crud'
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Citigroup Inc. says it may be time to bet on Donald Trump.
With inflation trending lower and economic growth picking up globally, “Trumponomics” -- tax cuts and increased government spending -- has largely lost its grip on asset markets, Citi strategists led by Jeremy Hale wrote in a recent note. That’s made the risk-reward equation for the medium-term reflation trade favorable, they wrote.