Citi Global Equity just flipped their stance — and it's not pretty for tech.

US Equities: Downgraded from Overweight → Neutral
Global Tech: Cut to Neutral
Europe (ex-UK): Upgraded to Overweight

They're rotating INTO Healthcare and Materials.

Translation: US = overvalued. Europe = unloved and cheap.

When Wall Street banks start fading $QQQ and pumping European value plays, you know the risk-off vibes are real. Tech might not be done bleeding.