Why Citi's Levkovich Sees the S&P 500 Sinking to 4,000

The video discusses the impact of bond yields on market dynamics, highlighting changes in market composition since 2008. It explores the effects of tax collection on bond issuance and outlines current sector preferences and investment strategies, emphasizing a shift towards value-oriented areas while maintaining some growth exposure.

What impact have bond yields had on the perception of cyclicals versus growth stocks?

How has the composition of the S&P 500 changed from the last recession to today?

What are the implications of being more value-oriented in the current market?

Discuss the significance of tax collections in relation to bond yields.

What are the current sector preferences mentioned for investment?