Citi cuts U.S. stocks exposure. Firm is worried there's no 'quick end' to war

TL;DR

Citi keeps S&P 500 base at 7700; flags rising risks to ‘goldilocks’ outlook Citigroup strategists are dialing back their exposure to U.S. equities, warning that fading hopes for a swift resolution to the U.S.-Iran conflict are increasing downside risks for markets already rattled by an oil-driven shock. Strategists said they brought their U.S.