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Why Citigroup Sees Recent Panic as a Buying Opportunity

Annie Gilroy
Why Citigroup Sees Recent Panic as a Buying Opportunity

Citigroup’s (C) US equity strategist, Tobias Levkovich, said that stock market investors have finally entered panic mode after the wild ride at the end of 2018. According to CNBC, Levkovich said this panic indicates “high probabilities of making money (with average 18% upward moves looking out 12 months).” The firm’s sentiment gauge has a good track record in predicting euphoria, which typically precedes a pullback and panic and is usually associated with a potential surge.