Citi downgrades US stocks but elevates China as ‘America First’ fades
Citigroup Inc (C) reduced its position on US shares while upgrading China to overweight, highlighting the widening gap in the outlook for the world’s top two economies. “US exceptionalism is at least pausing” for the coming few months, Citi’s strategists, including Dirk Willer, its global head of macro research and asset allocation, said in a…