Citigroup Inc. (NYSE:C) June SIGN study typically has generated several changes, especially in view of the market’s pullback over the past several weeks. Indeed, lifting the weighting on one perceived yield sensitive group (REITs ) and lowering another (Telecommunications Services) may seem almost contradictory, while pulling down Transportation might suggest a less cyclical interest though an overweight stance on IT and Energy should undermine that argument.
Citigroup remain underweight on other cyclicals such as Autos, Retailing and Materials as shown in Figure below. As a consequence of the most recent changes, Citigroup is now overweight 38.0 percent of the S&P 500 (INDEXSP:.INX) and underweight 40.6 percent.
Setup a free account to get access to this article (no credit card required).Login required to continue reading.
