Citi's Levkovich Sees 80% Chance of Stocks Falling in Next 12 Months

The video discusses the impact of market stimulus and economic reopening on investor behavior and market trends. It highlights structural changes in companies due to the pandemic, affecting job markets and creating demand issues. The analysis covers unemployment figures, industry impacts, and the acceleration of existing trends. The video concludes with a market outlook, suggesting a high probability of market decline based on the euphoria model.

Discuss the impact of telemedicine as mentioned in the text.

What does the panic euphoria model suggest about future market trends?