Tobias Levkovich, a prominent Wall Street analyst, died on Friday at 60, and tributes to the Citigroup equity strategist are rolling in.
Levkovich lived in the hamlet of Hewlett in Nassau County, N.Y., located on the south shore of Long Island, and died after succumbing to injuries after being hit by a 2015 Toyota Camry while crossing Peninsula Boulevard at around 6 a.m. Eastern Time on Sept. 1 en route to his synagogue. “While it would be enough to recognize Tobias for his acumen as a strategist, it is his spirit, his compassion and his humanity for which he will truly be remembered and cherished by all of us,” wrote Levkovich’s research colleagues at Citi, including Robert Rowe, Lucy Baldwin, Jon Rogers, and Anne Malone.
div.youtube { height:0; position:relative; padding-bottom:56.25%; } div.youtube > iframe { position: absolute; left: 0; top: 0; width: 100%; height: 100%; } Levkovich said that investors are facing a number of headwinds, including slowing earnings, compared with outperformance from the torrid pace of the past several quarters as the economy and market has recovered from COVID-19.
“The paucity of immediate catalysts for a pullback is cited regularly, although we worry about higher taxes, cost pressures eating into profitability, tapering and more persistent inflation all coalescing in September ,” he wrote.Then there is this call back in February of 2020 before the COVID pandemic really garnered Wall Street’s attention.
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