Citi says `buy the dip' in global equities

• Global stock markets are more pessimistic about 2019 corporate earnings than analysts are, Citigroup strategists write in a note. That means there's an opportunity to "buy the dip" in global equities, they say.
• Stock markets are pricing in a 1% contraction in 2019 EPS, while the average analyst estimate calls for 8% growth and Citi sees a 5% increase.
• “Of course 2019 will be a tougher year for EPS than 2017 or 2018, but not that much tougher," writes Citi's Robert Buckland.
• Citi’s analysis shows that in 21 years of downward revisions to profit estimates over the last 30 years, stocks went up in 14 of them.
• ETFs: VT, ACWI, GVAL, GLQ, AIIEX, AGGAX, RGT, IVAL, DGT, FIGY, RWV, ACWF, FLQG, FLQH, ESGF, FIHD, WBIL, DWLD, ESGW, HDMV, WBIA, WBIB, WBIE, WBIF, QXGG, XMX, AIIQ, DTEC, VGFO