Citigroup downgrades U.S. stocks to neutral

Odaily Planet Daily News: Citigroup equity strategists downgraded the U.S. stock market, saying that recent events such as DeepSeek, Europe's fiscal stance and trade tensions have reinforced their view on diversified investments outside the U.S. market. "From a GDP and EPS perspective, the drivers of 'exceptionalism' are fading," said Beata Manthey and other strategists at the bank, who downgraded the U.S. stock market from overweight to neutral. Citigroup said the U.S. market is still relatively expensive, and the downward trend in EPS expectations is intensifying. (Jinshi)