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Comments Investors now have a reason to take some gains from stocks as the market (SP500), (COMP:IND), (DJI) has been hovering near record highs, with Citigroup U.S. equity strategist Drew Pettit suggesting that “a lot of good news is Quick Insights Recent gains in the S&P 500 are driven by artificial intelligence, productivity advancements for half the performance, and traditional macroeconomic and cyclical factors for the other half, leading to a barbell effect. Citigroup recommends pairing growth and AI beta with cyclical beta, buying small cap in cyclical sectors with new money, and buying growth/AI stocks on pullbacks. Attractive opportunities are in technology (Nvidia, semiconductors, Amazon as an AI enabler) and in cyclical sectors like health care (Boston Scientific) and financials (Capital One, Equifax). Recommended For You More Trending News
