Surveillance: Citi's Fed Funds Forecast
Bloomberg Surveillance
00:00
The Divergence in the Banks and Financials
I had a non-consensus view that we'd have a good first half when the consensus or group was looking for a down first half if you remember as the year started. We moved to a market neutral position this morning, and if the market continues to expand, higher will likely move into a net short position. I continue to see basically the market in a chop bucket from 3,700 to 4,100, or around 40, 55 right now. So obviously there's 50 - 100 S&P points of upside, but probably 325 to 350 a downside.
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