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A global financial services firm, Citigroup provides a range of offerings to consumer and corporate customers.
C is tracking the other banks and the market downward. If we get news of a Fed intervention next week, a year end rally may still be possible. With the US dollar gaining strength, this would appear to be the perfect time to announce QE3.Since the banks get the money first, C and the other big banks would rise faster than the overall market.In the absence of QE3 the financial sector will likely underperform the market.
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