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CITI PRESENTS Tobias Levkovich's Favorite Chart, Which Screamed BUY Last October

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Citigroup just published and distributed its Global Equity Quarterly report to clients.  Robert Buckland, Citi's Chief Global Equity Strategist, recommends being underweight U.S. equities since he sees better opportunities elsewhere.

Nevertheless, Tobias Levkovich, Citi's Chief U.S. Equity Strategist, sees the S&P 500 closing the year at 1,425.

The massive 112-page report included each regional strategists' favorite charts. Levkovich's pick – the Panic/Euphoria model –  is one we see over and over.  But it's a good one.  Last October, it predicted a 98 percent chance of a double-digit return in stocks, and it was right.

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SEE ALSO: CITI: These 6 Trends Should Make You A 'Raging Bull' On America >

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