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Bloomberg
Pricey US Stocks Pose a Risk to 2023 Recovery, Say Citi Strategists
(Bloomberg) — The rally in US stocks has brought valuations to levels where they no longer price in a contraction in earnings, posing a risk to the recovery, according to Citigroup Inc. strategists.Most Read from BloombergPutin Calls Russian Nukes Deterrent Factor, Says War Risk RisingPeru’s President Accused of Coup After Move to Dissolve CongressWNBA Star Griner Released in One-for-One Swap for Arms DealerWhy Did So Many US Men Quit Working? Social Status May Hold the Key, Study SaysBe Carefu
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