IPFS News Link • Economy - Economics USA
With The Dow At An All-Time High, Citi Unveils HUGE, Ultra-Bullish Bet On America
• Business InsiderAnd rather than make people nervous, it seems to be sucking in even more bulls, creating even more optimism.
In a new note out this evening, Citi macro strategist Jeremy Hale unveils a series of new trades, several of which can be characterized as: GO AMERICA.
Here are some of the big ones, with our summary of his rationale in bullets:
Sell US Treasuries
This is simple. Because Citi has an optimistic take on the US economy, interest rates are likely to rise, slamming Treasuries.