Major U.S. stock indexes have rallied this year but the bear market isn’t over and “it’s too soon to price in a recovery,” according to a midyear outlook report from Citi Global Wealth Investments.
“We have had an overweight to global dividend growers,” including companies with strong balance sheets and free cash flow that can withstand a recessionary environment and tightening credit conditions, said Kristen Bitterly, head of North America investments at Citi Global Wealth, in a phone interview. “We’ve been going more global…
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