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3 reasons to stay positive on risk assets

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Rough day for equities but Citi still likes the upside

Citi discusses the broad market conditions and stays constructive on risk assets.

“CitiFX Strategy maintains its positive view on risk assets,
based on i) a dovish Fed, ii) a benign macro outlook, and iii) a view
that market positioning is not yet stretched
, despite slightly weaker equity prices last week and the underwhelming headline NFP number,” Citi notes. 

“In line with our view, recent Fedspeak confirmed its dovish stance
and confirms that the June FOMC is probably too early for a taper
warning, which, along with rising commodity prices, led to elevated
inflation expectations and depressed real yields,” Citi adds.

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