Tobias Levkovich, chief U.S. equity strategist at Citigroup, says the recovery is here, but that the equity markets are increasingly risky as stocks price in the increased optimism. Levkovich believes the S&P could trade up to 1,250 by mid-year, but that the likelihood of a setback will increase as the year progresses due to increased uncertainty with regards to Fed policy, removal of stimulus and future economic growth.
Source: Bloomberg TV
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.