• 'The selling is only just starting': Citigroup warns that markets are 'dangerously unsupported,' and there's about to be a fallout

    3 monthes ago - By Business Insider

    Most asset managers are having a rough 2018, according to Citigroup's well-known credit products strategist Matt King, with many asset classes posting negative returns.
    King says that's because there has been less investment from so-called marginal buyers such as central banks and Chinese investors, leaving the market vulnerable.
    "Both the world's most important marginal buyers are now in retreat," he wrote. "This leaves risk assets increasingly unsupported."
    It's been a tough year for investors.
    There was the biggest Dow point drop of all time back in February. In March, the spread...
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