Citigroup Warns of Rates-Driven Volatility Even as It Stays Upbeat on Stocks

Citigroup's Scott Chronert warned on January 26, 2026, that rising interest rates could trigger a "volatility event" — a sharp, non-linear repricing of risk across markets. He called the tail risk non-trivial and directional, not isolated. Yet he maintained that equities should hold up at current levels.