Gotta love Wall Street analysts

I came across two pieces out of Citigroup, both before and after the election. This isn't a Citi specific problem as you can find such examples across the industry going back..quite possibly forever. To me this demonstrates the importance of having a long term plan and not being swayed by the news cycle, however volatile it may be. 

Citigroup on Aug 25th

The election of Donald Trump as President of the United States could lead to chaos in markets and increased policy uncertainty that tip the world into recession, according to Citigroup Inc.

“A Trump victory in particular could prolong and perhaps exacerbate policy uncertainty and deliver a shock to financial markets,” writes a team led by Chief Economist Willem Buiter.

Citigroup on Nov 14th

"Citigroup Inc. views the 72-hour-old rotation into stocks following Donald Trump’s presidential victory as the start of something big.

Strategists led by Jeremy Hale raised the firm’s recommendation on global equities to overweight from underweight, meaning investors should hold more stocks relative to their benchmarks. They cut fixed income, saying government bonds and the credit market will underperform in the next 12 months.