Stock pickers are getting too confident and that may be a bad sign for the rally

(CNBC) Citigroup strategists said stock pickers may be too complacent, happily buying their favorite names but ignoring the big risks that could hurt the whole market.The strategists point out that the top 50 stocks by market cap are no longer very correlated to each other, which shows that fund managers are increasingly comfortable with individual stock stories and not anxious about macro events.

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