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Pro Analysis

These are the 3 questions vexing investors: Citi

New York Stock Exchange
Michael Nagle | Bloomberg | Getty Images
New York Stock Exchange

Citigroup shared its stance on three major overhangs for the market right now, as stocks trade at a new record and investors debate the longevity of the seven-year bull run.

"The investment community remains in a quandary as the S&P 500 hits new highs alongside fund managers struggling with portfolio performance," wrote Tobias Levkovich, chief U.S. equities strategist at Citi, describing the variance in returns among market participants.

During Tuesday trading, the S&P index set an all-time intraday high for the second consecutive session, breaching a level not seen since May 2015.

Here are the three big questions that likely have you scratching your head as well and Citi's answers.