Beware of ‘foreign tourists’ pushing up the S&P 500, then bailing when things get bumpy, says Citi
May 12, 2020 at 07:18 AM EDT
Wall Street wariness is spreading. After Goldman’s warning of an 18% stock drop earlier this week, Citigroup warns that foreign investors may be getting interested in U.S. stocks, and history shows that could be a problem.
