‘Full-scale bear market’ for stocks is among 3 scenarios Citi analysts predict amid trade tension
“‘Applying a game theory lens to the problem, one could argue that President Trump is likely to continue to take a hard line,’ the analysts said. That could help drive stocks into a bear-market, which is usually defined as a drop of at least 20% from a recent peak. . .With that thinking in mind, the Citi analysts anticipate a trio of market outcomes as tariff negotiations progress ahead of the G-20 meeting this month.”
USAGOLD note: Citi goes on to list three scenarios, two of which forecast gold rising considerably. . .in one to $1600 and the other to $1500.