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 . . .
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