Citigroup fell 1% while the broader market ate shit harder. This counts as a win now. Jane Fraser should update her LinkedIn headline to "Outperformed During Massacre."
Trump posted about Citi's turnaround on social media. The stock dropped anyway. Just less than everything else. Retail traders are now printing this out and showing it to their wives as proof they made a good decision six months ago when they bought at $68.
The technical setup here is pristine. A descending triangle inside a falling wedge wrapped in a bear flag that smells like unemployment. But sure, let's talk about what a guy posted on Truth Social at 6 a.m. while sitting on a golden toilet. That's the catalyst. That's what moved the needle.
Imagine running a multi-trillion dollar financial institution through a decade-long restructuring involving tens of thousands of layoffs and entire business exits, only to have your best day in weeks happen because a former president with 91 indictments said you're doing great. Fraser should frame it. Put it right next to her Wharton diploma.
The headline writes itself: "Citi Shares Tank Less Badly Than Peers After Presidential Shitpost." This is what we're analyzing now. This is the news that matters. A one-percent decline is the new breakout.
Every chart-illiterate dipshit who bought Citi because "banks always come back" is now refreshing their brokerage app and feeling vindicated. They're texting their buddies. They're posting in the Stocktwits thread. They're explaining to anyone who'll listen that Trump wouldn't say it if it wasn't true.
The 200-day moving average is at $62. Price closed at $58. But congratulations on your moral victory.
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