Citigroup analyst Scott Chonert believes the recent US stock sell-off is just a minor adjustment and not a sign of a larger trend. The market’s decline this week, dubbed “portfolio tinkering” by Chonert, may be attributed to short-term factors rather than a more significant downturn. This stance contrasts with some investors who fear a potential late-summer slump, making it a valuable perspective on the current market sentiment.
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Source: https://www.marketwatch.com/story/the-latest-stock-sell-off-is-just-a-rotation-something-bigger-needs-a-trigger-says-citi-a336c924