Citigroup: Investors Too Optimistic About Resolution of US-Iran Issue

BlockBeats News, March 26th, according to CNBC, Citigroup's Chief Investment Officer Kate Moore believes that investors seem overly optimistic, thinking that the US-Iran issue is about to be resolved. She said on Wednesday: "Some of the price action we've experienced, especially over the past two days, I think actually reflects a pretty complacent view on the ability to resolve the issue and also a view that this energy shock is not going to have broad inflationary consequences. To be honest, that makes me a little nervous."

She added: "In terms of how to construct portfolios, I would like to be incredibly thoughtful. Because what we're trying to build right now is a resilient portfolio, and one that can also withstand inflation risk, and probably a more enduring conflict risk than what the current market optimists would anticipate."