Reuters / Andrew Burton

• The stock market will likely find a new bottom in the coming months, analysts at Citi warned.
• Citi’s team, led by Robert Buckland, said: “All bear markets include false rallies, often associated with supportive monetary policy.”
• Goldman Sachs’ top strategist Peter Oppenheimer also warned last week that equities have rallied too quickly and predicted a fresh plunge.
• Visit Business Insider’s homepage for more stories.

Markets have faced a rollercoaster of highs and lows in the past few weeks, but analysts at Citi think markets have yet to find their true bottom.

“All bear markets include false rallies, often associated with supportive monetary policy,” a Citi team led by Robert Buckland said in a client note, as reported by MarketWatch.

The S&P 500 has rallied roughly 25% from its lowest level in 2020 in recent weeks, but Citi bank thinks the danger is far from over. 

“Markets only find a sustainable base when there are signs that cheap money is feeding through into the real economy, rather than temporarily supporting asset prices,” the team added.

It could …continued .
[Source: Business Insider]