Robust earnings progress may masks bother indicators forward, Citi’s Levkovich says
Chris Goodney | Bloomberg | Getty Pictures
The inventory market could also be about to enter a more durable setting based mostly on earnings, in keeping with Citigroup chief U.S. fairness strategist Tobias Levkovich.
Levkovich stated that for the primary quarter, unfavorable preannouncements are at a 25-year low in comparison with constructive ones, and earnings progress expectations have elevated to 23% from 15% over the previous few months.
However bother may very well be lurking forward.
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