How much of a threat is the global fear factor and how can investors play it? Tobias Levkovich, chief U.S. equity strategist at Citigroup, shared his insights.
“As things have improved over the past year, we’re set for a much better economic environment over the next 9 months,” Levkovich told CNBC.
However, Levkovich said if Europe’s sovereign debt worries continue, volatility in the U.S. markets will increase.
“Most people are already pretty worried that they missed the rally," he said.
"They’ll need more confidence in terms of the economic data being sustained, not just having a good month.”
Meanwhile, Levkovich said he expects the S&P to close at 1,175 by year-end.
“We’re not terribly worried in the U.S. environment,” he said. “We’re looking for 16 to 18 percent earnings growth this year.”
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No immediate information was available for Levkovich or his firm.