Citi Private Bank

Our website no longer supports your current web browser version, which means you are no longer able to access this website. Please update your browser to continue.

System Outage
Citi Private Bank logo

Language Notification

Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account.

Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean únicamente en inglés. Estas comunicaciones podrían incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, así como cambios en términos o cargos o cualquier tipo de servicio para su cuenta.

Informamos que as futuras comunicações do banco, verbais e escritas, podem estar disponíveis apenas em inglês. Essas comunicações podem incluir, entre outras, acordos de conta, extratos de conta e divulgações, alterações aos termos ou tarifas, ou qualquer tipo de serviço pertinente à sua conta.

仅此通知,本行即日起发出的口头及书面通信可能将只提供英文版本。这些通信可能包括但不限于账户协议,账单和通知,条款或费用变更;或任何为您账户提供的服务。

Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account.

Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean únicamente en inglés. Estas comunicaciones podrían incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, así como cambios en términos o cargos o cualquier tipo de servicio para su cuenta.

Informamos que as futuras comunicações do banco, verbais e escritas, podem estar disponíveis apenas em inglês. Essas comunicações podem incluir, entre outras, acordos de conta, extratos de conta e divulgações, alterações aos termos ou tarifas, ou qualquer tipo de serviço pertinente à sua conta.

仅此通知,本行即日起发出的口头及书面通信可能将只提供英文版本。这些通信可能包括但不限于账户协议,账单和通知,条款或费用变更;或任何为您账户提供的服务。

An-election-then-an-injection

Perspectives

An Election, Then An Injection

David Bailin

By David Bailin

Chief Investment Officer

November 1, 2020Posted InFixed Income, Investment Strategy and Equities

  • Betting markets show the race between the President and former VP Joe Biden materially closer than the polls.  The stock market exhibited volatility levels indicate acute stress this past week, with volatility reaching 40, a level seen on only nine occasions over the past decade.  

 

  • We are at an inflection point in the US stock market.  The high prices of defensive shares reflect the expectation of a lot of future good news. We think that shortly after the election, a rotation in cyclical stocks and non-US equity markets may begin. If it does not immediately do so, the vaccine may provide the second of three catalysts for such a rotation.

 

  • The fact that there are four late state Phase 3 testing programs underway for the Covid-19 vaccine is itself remarkable. This will be the fastest development and release of a vaccine in human history.  

 

  • We believe that markets will receive a “double booster shot” in Q12021, with large-scale distribution of one or more effective vaccines underway and the passage of a fiscal stimulus bill by the US Congress.  Experts in epidemiology see a 70% efficacy rate for early vaccines as the center point for their expectations.  These events would initiate a sharp “normalization” in most of the world economy in the second half of 2021.
Read the CIO Strategy Bulletin

If you are a Citi Private Bank client you can check the value of your portfolio by reviewing your monthly statements or, if you use Citi Private Bank InView, by navigating to the Account Overview page via Portfolio → Overview. If you have any queries please contact your usual Citi Private Bank representative.