According to BlockBeats, on November 9, Citi downgraded U.S. equities, global tech stocks, and European tech stocks to Neutral, citing weakening AI sentiment and risks of further investor selloffs. The bank warned Nasdaq could decline another 5% before positioning decisively turns bearish.

Meanwhile, Citi upgraded European equities excluding the U.K. to Overweight, citing benefits from lower oil prices and reduced tech exposure.

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