Analysts at Citigroup have signaled a significant red flag in the global stock market that has previously foreshadowed major crashes.
“Our index of global sell-side stock calls is back at peak bullishness, so triggering a red flag in our Bear Market Checklist. Analysts are most bullish in the U.S. and, increasingly, EM [emerging markets]. They are less bullish in Europe and Japan, but not by much. There are few signs they see a global recession coming,” the strategists said in a note on Twitter.
