Citi’s Levkovich Sees Cyclical Stocks as Big Stimulus Winners

The video discusses the current market positioning and opportunities in cyclical sectors like leisure and hospitality, driven by pent-up demand post-pandemic. It highlights concerns about market pricing and valuation, particularly in software and services, and the impact of economic growth on long-duration assets. The discussion also covers the performance of small caps, noting their significant gains and potential for further growth, while cautioning about future market opportunities.

In which sectors does the text suggest there may be more growth opportunities?

What are the implications of rising yields on long-duration assets as discussed in the text?