Citi's Levkovich Sees '10% Upside' for Equities

The transcript discusses the state of global and US equities, noting a rebound in the market despite weak momentum and investor skepticism. It highlights the start of the earnings season, with banks leading the way, and discusses the potential for revisions in earnings forecasts. The focus is on company guidance amid concerns like trade wars and Fed policies. The market is seen as anticipating these factors, with investors adjusting expectations accordingly.

What was a significant factor affecting the market momentum during the recent rebound of US equities?

• Strong investor confidence

• Government interventions

• Holiday season and weak momentum

• High trading volumes

What was the initial expectation for 2019 earnings growth before revisions?

• 7%

• 12%

• 10%

• 5%

How are management teams expected to approach their guidance during the earnings season?

• By ignoring external factors

• By being cautiously optimistic

• By setting high expectations

• By being overly optimistic

What external factor is mentioned as a concern for companies during the earnings season?

• Political instability

• Increasing inflation

• Trade wars with China

• Rising oil prices

What was the anticipated earnings growth percentage according to institutional investors before recent announcements?

• 8%

• 10%

• 6%

• 4%