Citi looking for continued gains for US equities:
- the environment is not the same as in 2007, yet the bears are still out
- we feel more upbeat when others are less sanguine
- "Admittedly, handicapping the ramifications of trade protectionism is very difficult, as are geopolitical risks, but the endogenous trends are more sanguine even as housing and autos face challenges from higher interest rates"
- "Fortunately, the growth in consumer spending, generally, and the service sector, specifically, provide underlying economic (and thereby earnings) support."
