It was bound to happen. A major U.S. investment bank, Citi, has downgraded U.S. stocks. Tariffs have created too much uncertainty, and so has the possibility of a gross domestic product (GDP) retreat.

Like other Wall Street banks, Citigroup is worried about the state of the U.S. economy, and recommend putting money elsewhere. For now.

Chinese shares look attractive even after their recent rally, Citi strategists wrote, citing DeepSeek’s AI breakthrough and still-cheap valuations.