Citigroup Asset Allocation team: “Signs of growth stabilization in the short term, coupled with positive developments on the trade-war, mean that that asset allocators, who have not been overweight equities for most of 2019, may have to chase markets in the early months of 2020. Being benchmarked (or slightly overweight in the US market) in this environment makes sense. Further rate cuts from the Fed (or QE) are likely in the case of deteriorating data. This should help support equities so our message is to add to equity allocations on dips”