Citadel Securities says the big risk to markets is shifting from inflation to a global growth slowdown

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• A Citadel Securities strategist has shifted focus to growth risks amid the Iran war.
• The longer the Strait of Hormuz stays closed, the larger the risk of a slowdown, the firm said.
• Investors have priced in inflation risks, but might not be factoring in the hit to growth, the firm said.

Inflation has been top of mind for investors amid surging oil prices, but Citadel Securities says it might be mostly priced in by now...