World stocks to rise only 2% by mid-2022, Citi says
Tue Jul 06 2021
Mark Cooper (2614 articles)

World stocks to rise only 2% by mid-2022, Citi says

Citi expects the MSCI All Country World Index (.MIWD00000PUS) to rise only 2% by mid-2022 as the current strength in corporate earnings fades and central banks turn less accommodative.

“Positive earnings revisions should support global equities in 2H21, but next year may prove tougher as EPS momentum fades and monetary tightening looms,” the U.S. bank said on Tuesday.

Citi said the so called recovery trade was “not done yet” and it would buy the dips. In sectors, it favours traditional cyclicals, along with IT and it is underweight defensives.

Tags MSCI
Mark Cooper

Mark Cooper

Mark Cooper is Political / Stock Market Correspondent. He has been covering Global Stock Markets for more than 6 years.