The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi

MarketWatch/Barbara Kollmeyer/8-9-2022

“Our index of global sell-side recommendations is back to peak bullishness levels reached in 2000 and 2007, after which global equities halved. Analysts are net buyers of every sector in every region, but then they usually are. They are still bullish on cyclical sectors suggesting few fears of oncoming global recession.” – Robert Buckland, chief global strategist, Citibank

USAGOLD note:  All’s well, as they say, until it isn’t. Then the mad dash for safety will begin. “Analyst herding,” says MarketWatch, “has triggered the problem.” There will likely be a crowd gathered at the exit once the herd turns.

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