Citi Tells Rich Clients Stop Being So Nervous About Stocks
- Recession not imminent as the rich see “world full of angst”
- Cites cybersecurity and clean energy as areas of opportunity
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Citigroup Inc.’s private bank wants its clients to work on an attitude adjustment.
Next year will be “brighter than many expect,” Citi Private Bank said in its 2020 outlook -- “Staying Positive in a Negative (Yielding) World” -- published Thursday. It rejects the idea that a recession is imminent.