News Formal

Citigroup stock market sentiment model reaches euphoria levels, which typically foretells a decline

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

The gauge suggests equities could decline about 9% over the next 12 months, measured over a median basis.

Investor optimism has gotten out of hand, according to Citigroup. In fact, a stock market sentiment model from the firm called the Levkovich Index has now reached euphoria levels, which typically heralds a fall in equities, the firm's U.S. equity strategist Scott Chronert wrote in a Thursday note. The Levkovich Index, named after the bank's late U.S.

The Federal Reserve turing more hawkish than investors currently anticipate, for example, could prove an impetus for a decline. "The consensus is for three rate cuts this year," Chronert said. "But if you do go down a path where you get a fewer number of Fed rate cuts, or even a lack of a pivot, I'd say that probably brings our euphoric concern back into play." .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BTC/S&P 500 Correlation: What Stock Market Can Tell Us About Bitcoin PriceComparing S&P 500 and BTC can give important insights on Bitcoin price prediction
Source: Utoday_en - 🏆 295. / 63 Read more »

Stock market today: Asian shares are mixed and Shanghai gains on strong China factory dataAsian shares are mixed, with Shanghai gaining 1% after surveys showed improvements in manufacturing conditions in China.
Source: ksatnews - 🏆 442. / 53 Read more »