Stock Market Is Euphoric While Equity Fund Flows Dip
The stock market continues to be in a state of euphoria, according to Citi’s chief US equity strategist Tobias Levkovich, and there is still a fair chance of a year-end correction. While Levkovich is bullish on equities in the long term, he warns that investors need to use “tactical caution” in the near term.
“Our Panic/Euphoria remained in Euphoria territory, while our proprietary Cyclical Expectations Model turned higher,” he . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible