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☆ Earnings are the biggest driver of stocks, says Citi's Kristen Bitterly
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings are the biggest driver of stocks, says Citi's Kristen BitterlyKristen Bitterly, head of investment solutions at Citi Global Wealth, joins 'Closing Bell' to discuss the market rally's staying power, earnings power, and more.

Persons: Citi's Kristen, Kristen Organizations: Citi Global Wealth

☆ Entering a period with gradually weaker job gains, says Steven Wieting
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEntering a period with gradually weaker job gains, says Steven WietingSteven Wieting, Chief Investment Strategist and Chief Economist at Citi Global Wealth, discusses his expectations for the April jobs report.

Persons: Steven Wieting Steven Wieting Organizations: Investment, Citi Global Wealth

☆ Powell should be 'calm, cool, and collected' around rate decision, says Julia Coronado
▼ + stars: | 2024-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPowell should be 'calm, cool, and collected' around rate decision, says Julia CoronadoSubadra Rajappa, head of U.S. rates strategy at Societe Generale, Julia Coronado, founder of MacroPolicy Perspectives, Mike Remak, head of investments at Citi Global Wealth join CNBC's 'The Exchange' to share expectations from the Federal Reserve.

Persons: Powell, Julia Coronado Subadra Rajappa, Julia Coronado, Mike Remak Organizations: Societe Generale, Citi Global Wealth, Federal Reserve

☆ We're entering the second secular bull market for copper, says Citi's Max Layton
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're entering the second secular bull market for copper, says Citi's Max LaytonMax Layton, Citi global head of commodities research, joins 'Squawk Box' to discuss the latest oil and commodities price trends, impact of Middle East conflict, and more.

Persons: Citi's Max Layton Max Layton Organizations: Citi

☆ Andy Sieg is quickly shaking up Citi's wealth business. At least 11 senior execs have left since his arrival.
▼ + stars: | 2024-04-17 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Citi's wealth unit has seen at least 11 senior execs exit since Merrill Lynch veteran Sieg joined in September. The latest departure is David Bailin, chief investment officer for the global wealth division, who announced his departure on Monday. Sieg's mandate is to turn around the wealth business, which was barely profitable this past quarter. Sieg also plans to expand Citi's already successful wealth business in Asia. At least two other senior Asia executives have left.

Persons: Andy Sieg, Merrill Lynch, Sieg, David Bailin, Bailin, Fraser, Andy, Mark Mason, Shyam Sambamurthy, Merril Lynch, Don Plaus, Hale Behzadi, Citi David, Eduardo Martinez Campos, Keith Lee Hong, Fernando Lopez Munoz, Luigi Pigorni, Jeff Sutton, Eduardo, Seamus Yin, Hayley Cuccinello Organizations: Citi, Business, Bankers, Citi Wealth, Citi Global Wealth, North America, Eduardo Martinez Campos Head, Mark, Mark Mills Regional, Fernando Lopez Munoz Head, Jeff Sutton Global, Eduardo Ventura, West Locations: Asia, Hong Kong, Singapore, Keith Lee Hong Kong, Mark Mills, Shyam Sambamurthy South Asia, America, West China, hcuccinello@businessinsider.com

☆ Economic growth and security risks historically coincide, says Steven Wieting
▼ + stars: | 2024-04-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomic growth and security risks historically coincide, says Steven WietingSteven Wieting, Chief Investment Strategist and Chief Economist at Citi Global Wealth Investments, discusses the stock sell-off and rising geopolitical risks.

Persons: Steven Wieting Steven Wieting Organizations: Investment, Citi Global Wealth Investments

☆ March CPI still acceptably slower for Fed: Citi's Lucy Baldwin
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarch CPI still acceptably slower for Fed: Citi's Lucy BaldwinLucy Baldwin, Citi global head of research, joins 'Closing Bell' to discuss how Wednesday morning's CPI print impacted Baldwin's outlook, if Citi is bullish on stocks this year, and more.

Persons: Citi's Lucy Baldwin Lucy Baldwin Organizations: Citi

☆ Citi's Rob Sockin: Expect a U.S. recession this year
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCiti's Rob Sockin: Expect a U.S. recession this yearRob Sockin, Citi global economist, joins 'Money Movers' to discuss what feeds the lack of optimism for economic growth, if CPI data will settle the debate about a June rate cut, and more.

Persons: Rob Sockin Organizations: Citi

☆ Investors should seek opportunities both within yields and equities, says Citi's Kristen Bitterly
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should seek opportunities both within yields and equities, says Citi's Kristen BitterlyKristen Bitterly, Citi Global Wealth head of North America investments, joins 'Squawk Box' to discuss the latest market trends, why she's not concerned about the wild market action so far this month, why she likes the biotech sector, the fixed income market, and more.

Persons: Citi's Kristen, Kristen, she's Organizations: Investors, Citi Global Wealth Locations: North America

☆ Takeaways from blowout jobs report
▼ + stars: | 2024-04-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTakeaways from blowout jobs reportNathan Sheets, Citi global chief economist, joins ‘Money Movers' to discuss what the latest jobs report mean for the Fed, when can we expect rate cuts this year, and more.

Persons: Nathan Sheets Organizations: Citi

☆ Watch CNBC’s full interview with Solus' Dan Greenhaus, New York Life Investments' Lauren Goodwin and Citi Global Wealth's Kristen Bitterly
▼ + stars: | 2024-04-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Solus' Dan Greenhaus, New York Life Investments' Lauren Goodwin and Citi Global Wealth's Kristen BitterlyDan Greenhaus, Solus Alternative Asset Management chief strategist, Lauren Goodwin, New York Life Investments economist, and Kristen Bitterly, head of investment solutions at Citi Global Wealth, join 'Closing Bell,' to discuss the markets, economy, labor market, and the Fed's next moves.

Persons: Solus, Dan Greenhaus, Lauren Goodwin, Kristen Organizations: Dan Greenhaus , New York Life Investments, Citi Global, Asset Management, New York Life Investments, Citi Global Wealth Locations: Dan Greenhaus , New York, New York

☆ Rates might drive correctioin into earnings season: Solus' Dan Greenhaus
▼ + stars: | 2024-04-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRates might drive correctioin into earnings season: Solus' Dan GreenhausDan Greenhaus, Solus Alternative Asset Management chief strategist, Lauren Goodwin, New York Life Investments economist, and Kristen Bitterly, head of investment solutions at Citi Global Wealth, join 'Closing Bell,' to discuss the markets, economy, labor market, and the Fed's next moves.

Persons: Solus, Dan Greenhaus Dan Greenhaus, Lauren Goodwin, Kristen Organizations: Asset Management, New York Life Investments, Citi Global Wealth Locations: New York

☆ Citi's Max Layton on what's fueling higher oil prices
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCiti's Max Layton on what's fueling higher oil pricesMax Layton, Citi global head of commodities research, joins 'Money Movers' to discuss the recent price action in oil and copper, if any further gains in oil will stick, and the best opportunities in the commodity space.

Persons: Max Layton Organizations: Citi

☆ We are 'fairly bearish' on oil prices, says Citi's Rob Sockin
▼ + stars: | 2024-03-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are 'fairly bearish' on oil prices, says Citi's Rob SockinRobert Sockin, Citi global economist, joins 'Money Movers' to discuss Sockin's take on the latest CPI print and how it fits in Citi's overall view, whether Sockin is expecting a recession this year, and how the equity market can perform with weak economic data.

Persons: Rob Sockin Robert Sockin, Sockin Organizations: Citi

☆ Expect meaningful signs of slowing in the economy as the year progresses, says Citi's Nathan Sheets
▼ + stars: | 2024-03-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect meaningful signs of slowing in the economy as the year progresses, says Citi's Nathan SheetsNathan Sheets, Citi global chief economist, joins 'Squawk on the Street' to discuss what to expect from economic data this year, the biggest risk for the Federal Reserve, and more.

Persons: Nathan Sheets Nathan Sheets Organizations: Citi, Federal Reserve

☆ 'There's very little margin for error': 7 strategists explain why the Goldilocks narrative is in trouble — but these 8 investments are still worth making now
▼ + stars: | 2024-02-16 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Investors are pricing in a best-case outcome where earnings rise and inflation returns to normal in a continued economic expansion. “It’s a tough needle to thread,” said Steve Sosnick, the chief strategist at Interactive Brokers. “And that pretty much pulls forward almost all the returns, in our minds, for 2024.”AdvertisementCrit Thomas, a global market strategist at Touchstone Investments, has the same concern. “And so at 21x earnings, there’s very little margin for error here.”AdvertisementFourth-quarter earnings mostly met measured expectations , as did forward guidance. Clark Bellin, the chief investment officer at Bellwether Wealth, said he’s less worried about valuations broadly and is more interested in seeing which sectors look cheap.

Persons: —, ”, Solita Marcelli, “, Sameer Samana, Steve Sosnick, It’s, Steven Wieting, “ We’ve, Crit Thomas, “ I’m, ” Thomas, We’re, Chris Galipeau, ” Galipeau, ” Sosnick, we’ve, Liz Ann Sonders, Schwab, ” Sonders, there’s, Clark Bellin, he’s, ” Bellin, you’re, Stocks, Samana, won’t, Thomas, Wieting, Bellin, “ They’ve, they’re Organizations: Service, Business, UBS Global Wealth Management, Federal Reserve, Wells, Wells Fargo Investment Institute, Interactive, Citi Global Wealth’s, Touchstone Investments, Franklin Templeton Institute, Citi Global Wealth, Bellwether Wealth Locations: Wells Fargo, Samana, ” Samana, Galipeau

☆ The chief strategist at Citi Global Wealth shares his top growth investments for a resilient economy in 2024 — including his highest-conviction commodity that will triple its demand by 2030
▼ + stars: | 2024-02-07 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Inflation was certainly severe and very troubling for markets, but ultimately its sources were transitory, Wieting said. As other energy-based companies and commodities grapple with a transition to clean energy, copper is expected to reap the benefits. The transition to clean energy and the move toward electric vehicles means demand for copper will triple by 2030, according to Citi Global Wealth's 2024 outlook. He believes the Magnificent Seven will be a strong part of the economy going into 2024 once again. Therefore, investors should look for opportunities in mid-cap growth or those within the S&P 400, the benchmark for the US mid-cap stocks.

Persons: Steven Wieting, Wieting Organizations: Federal, Citi Global Wealth, Business, Housing, Citi Global

☆ Geopolitical events could temporarily boost oil: Citi's Max Layton
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGeopolitical events could temporarily boost oil: Citi's Max LaytonMax Layton, Citi global head of commodities research, joins 'Money Movers' to discuss why events in the Red Sea haven't had a major impact on oil prices, how significant the oversupply is in the oil markets, and what'll happen with oil prices this year.

Persons: Max Layton Max Layton Organizations: Citi

☆ Why Citi Global Wealth's Kristen Bitterly is still constructive on markets
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Citi Global Wealth's Kristen Bitterly is still constructive on marketsKris Bitterly, Citi Global Wealth, talks the possibility of a soft landing, the state of the markets, and more.

Persons: Kristen Organizations: Citi Global, Kris, Citi Global Wealth

☆ Fed cuts come down to the labor market, says Morgan Stanley’s Jim Caron
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed cuts come down to the labor market, says Morgan Stanley’s Jim CaronDavid Kelly, JPMorgan Asset Management chief global strategist, Kristen Bitterly, Citi Global Wealth Management head of North America investments, and Jim Caron, head of Macro Strategies for Global Fixed Income at Morgan Stanley, join 'Power Lunch' to discuss the Fed decision to keep rates unchanged.

Persons: Morgan Stanley’s Jim Caron David Kelly, Kristen, Jim Caron, Morgan Stanley Organizations: Fed, JPMorgan Asset Management, Citi Global Wealth Management Locations: North America

☆ The Fed is focused on the interaction between inflation and the jobs market, says Steven Wieting
▼ + stars: | 2024-01-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is focused on the interaction between inflation and the jobs market, says Steven WietingSteven Wieting, Chief Investment Strategist & Chief Economist at Citi Global Wealth Management Investments, discusses today's Core PCE report and what it means for the economy.

Persons: Steven Wieting Steven Wieting Organizations: Citi Global Wealth Management Investments, PCE

☆ Period of slower global growth will give way to 'healthier' expansion, Citi says
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeriod of slower global growth will give way to 'healthier' expansion, Citi saysSteven Wieting, chief investment strategist and chief economist at Citi Global Wealth, explains why he believes the global economy does not need a recession to clear out excess price pressures, and will emerge stronger after this year.

Persons: Steven Wieting Organizations: Citi, Citi Global Wealth

☆ No 'economic collapse': Top Citi strategist says healthier economic growth is coming
▼ + stars: | 2024-01-22 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

The global economy does not need a "collapse" in order to bring inflation back to target and return to sustainable growth, according to Steven Wieting, chief investment strategist and chief economist at Citi Global Wealth. Major economies have proven surprisingly resilient to sharp interest rate increases from central banks over the last two years. This has been particularly evident in the U.S., with recession thus far avoided and the labor market remaining robust. Talk has now turned to rate cuts as inflation remains on a downward trajectory toward central banks' targets, while growth has slowed. Wieting told CNBC's "Squawk Box Europe" on Monday that he is optimistic the global economy does not need an "economic collapse" to rein in inflation.

Persons: Steven Wieting, Wieting, CNBC's Organizations: Citi Global Wealth Locations: U.S

☆ 2024 'should be a good year for M&A' in healthcare sector, says Citi's Chuck Adams
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2024 'should be a good year for M&A' in healthcare sector, says Citi's Chuck AdamsChuck Adams, Citi global head of healthcare, consumer, and retail, joins 'Closing Bell Overtime' to talk M&A trends in the healthcare sector.

Persons: Chuck Adams Chuck Adams Organizations: Citi

☆ Citi's Max Layton on oil: Not expecting significant upside from Red Sea attacks
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCiti's Max Layton on oil: Not expecting significant upside from Red Sea attacksMax Layton, Citi global head of commodities research, joins 'Money Movers' to discuss what's putting the entire commodities sector at risk, how what's happening in the Red Sea impacts what's happening in the oil sector, and more.

Persons: Max Layton Organizations: Citi

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