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Jan 18 - 10:55 AM

USD: Risk Of Deeper Equites Correction N-Term But Staying Firmly In The Reflation Trade M-Term - Citi

By eFXdata  —  Jan 18 - 09:30 AM

CitiFX Technicals remains firmly in the reflation trade camp over the medium-term that should see equities higher, commodities higher, yields higher and the USD lower in 2021.

"There is an increased danger of a deeper Equity market correction in the near term that could also make it more difficult for these trades to maintain traction for now," Citi notes. 

"For those with a medium term structural view this should not necessarily be of great concern. However for a large portion of the market with shallow pockets as we start a new year and more impulsive reaction functions this could be both relevant and induce that reaction," Citi adds. 

Source:
Citi Research/Market Commentary

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