US stocks could be headed for a steep slump, according to a new note from Citi strategists. The team wrote that exposure to the S&P 500 (^GSPC) has reached levels historically followed by a 10% drop.

Catalysts Hosts Seana Smith and Madison Mills report more on the story and discuss how Citi thinks investors should navigate a potential pullback.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Melanie Riehl