Government Selling Citi Shares Over Time

According to Bloomberg the government will start selling shares of Citigroup in the latter half of April and get rid of the position over the course of the year. Late April was around the time I was looking for a lasting top in the broader market and this strengthens the chances of that being the timing.

I still believe there is room for a correction now, but I don't believe that it will be of the magnitude we saw in January. I though that if the government sold their Citigroup shares in the coming days we could see that type of correction but that scenario seems to be off the table.

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