Citi's Petti: Overweight China, Korea; Neutral India Amid Fed Rate Cut Path

• Citi holds an overweight stance on China and South Korea, and a neutral view on India.
• The firm is overweight Emerging Markets (EM) and Europe (ex-UK), seeing EM as a way to gain growth and AI exposure at reasonable valuations.
• Citi maintains a neutral stance on India, believing its strong growth narrative is already priced into current valuations.
• The market largely expects a 25 basis point Fed rate cut, with focus on future cuts and US economic resilience.
• Citi anticipates strong sentiment for the S&P 500, potentially closing the year between 6,600 and 7,000.

Why It Matters: Citi's strategy offers insights into global investment opportunities, especially in EM and India.