Tobias Levkovich Sees 80% Chance of Stock Market Pull-back
Chief U.S. equity strategist at Citigroup, Tobias Levkovich, was on CNBC commenting on the Citi panic/euphoria sentiment indicator, which he said was signaling significant investor complacency. This has set up an 80% chance of a pullback in the 5% range, according to Levkovich.
Despite his concerns over the prospects for year-end equity market performance, Levkovich remains an ardent bull for the next several years as he explains in the video below.
Back in June, Levkovich expressed his opinion on the U. S. economy, which he expected to surprise to the upside in the second half of the year [link].