Why Citi’s head of wealth isn’t sold on the stock market rally

Santa Monica, California – a bucket of cold water in the stock market gathering.

And wealth president Andy Sig said at the present time at the Global Global Confer

Sig indicated that there was a lot of descent [earnings] The reviews that we have seen in a long and long time. “His team is looking for additional information before facing more risk assets.

“We generally believe that the market will remain in the scope of trading here in the next few months until some of these things become more clear,” he added.

Sieg is honored for a global wealth work in Citi with more than one trillion dollars of customer assets and 13,000 employees.

Strong profit reports in the first quarter of Meta (Meta), Alphabet (Googl) and Microsoft (MSFT) last weeks operated the nasdaq compound (^IXIC) by 13.5 % during the past month. This is despite the likes of Appl (AAPL) that warns that the Trump tariff will reach the cost base of $ 900 million.

On Monday, the S&P 500 picked up a nine -day winning chain. The longest winning series of shares dating back to 2004 was also ended.

All three main indexes in negativity for this year, however, with Nasdak decreased by 8.5 %.

“I think there are two reasons for [the rally]Sira Malik, chief investment official in Nuveen, told Yahoo Finance at the Milkeen Global Conference Conference. “No. 1, when the markets tend to go down quickly, they are actually recovering quickly. So history was repeating itself. No. 2, I think that“ liberation day ”was peak pain, and we have seen a lot of negotiation since then, and I think the markets began to estimate this.”

As for CITI, wealthy wealth, it will start in the first strong quarter thanks to a strong market before “Tahrir Day” in April. The department recorded revenues of $ 2.1 billion, which led to a 30 % profit in net interest income. Customer investment assets with $ 16.5 billion in net new investment assets, up to $ 595 billion. The operating expenses were flat year after year.

Whether it can maintain momentum amid the growing market fluctuation. The background is that wealthy investors may think twice before allocating more money to private and public markets.