According to ChainCatcher, Citi strategists expect the MSCI Global Index to rise 10% this year, with returns between regions to be "more balanced."

The team led by Beata Manthey expects that the rally will only become widespread after Trump takes office later this month. Global corporate earnings per share are expected to grow by 10% in 2025; in the United States, the gap between the "Big Seven" and other stocks is expected to narrow. Global healthcare stocks were upgraded to overweight; non-essential consumer goods, utilities and industrial stocks were downgraded to underweight. Maintain an overweight position on U.S. stocks; recommend Europe as their "favorite cyclical diversification investment" because "bearishness has peaked" and is "showing signs of inflection." (Jinshi)