Tobias Levkovich Sees 80% Chance of Stock Market Pull-back

By on November 12, 2013

Tobias Levkovich - CitigroupChief 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].

One Comment

  1. Heilman the Hermit

    January 4, 2014 at 3:10 pm

    The great fixer the Fed chairman has fixed things so there will never be another 5% pullback ever. Everybody getting a bagel in a CD and savings account are just itching to get some return on their nest eggs. After a 30% year they will jump at any chance to get in at the slightest discount.

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