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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。

politics-and-the-economy

Perspectives

Politics and the economy: A lot to worry about and a lot to look forward to

David Bailin

By David Bailin

Chief Investment Officer

September 28, 2020Posted InFixed Income, Investment Strategy and Equities

  • It is completely understandable that investors and the general population across the US feel anxious heading into the November US Presidential Election. The pandemic has exacerbated a wide range of fears and has driven much greater consumption of “news”, both objective and distorted.  For both sides, it has exposed fundamental fractures in US politics, the electorate and in the fabric of society.

 

  • After the US election ends and we know who the President is, we are confident that the economy will grow.  When Covid recedes, conditions suggest that the New Economic Cycle will broaden out and accelerate. We believe that Covid’s eventual defeat will have a profound, substantially positive impact on most risk-assets.

 

  • Investors should prepare their portfolios for positive economic events that are more likely than not to materialize in 2021, particularly after the announcement of the availability of several fully-vetted Covid vaccines.  We recommend that Core investors gain exposure to the best-valued income generating investments. For Opportunistic investors, the depressed businesses and relatively undervalued assets within “Covid cyclicals” are appealing to us tactically.  Market volatility may provide attractive entry points for these strategies.

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.

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