Their views should be looked at from the opposite perspective, as they are all correct nonsense.

Citi Group has downgraded its rating on the U.S. stock market while upgrading its rating on the Chinese stock market to overweight.

This is another sign of the widening divergence in the outlook for the two major global markets. Citi's strategists wrote in a report on March 10: "The U.S. exceptionalism will at least pause for the next few months."

A team from HSBC Holdings plc also downgraded its rating on the U.S. stock market to neutral on Monday, stating that they believe "there are currently better opportunities elsewhere." Wheeler and his team wrote: "In the coming months, economic news from the U.S. may be weaker than that from other parts of the world." They added that the neutral view on the U.S. stock market is for a time frame of three to six months, expecting U.S. data to be more negative.

Citi's strategists wrote that the Chinese stock market still appears attractive even after recent gains, citing breakthroughs in DeepSeek's artificial intelligence technology, government support for the tech industry, and still cheap valuations.