Citi's Levkovich Raises S&P Target to 3,300

The transcript discusses the current state of the S&P 500, the role of the Federal Reserve in stabilizing the market, and the potential for future market dynamics. It highlights the impact of COVID-19 on certain sectors and the bifurcation in market performance. The discussion also covers the influence of fiscal stimulus and political factors on the economy, the distinction between market performance and economic health, and the issue of income inequality. The potential changes in tax policies depending on election outcomes are also explored.

What sectors are identified as being most COVID-damaged?

What are the expected outcomes of the fiscal stimulus discussions post-election?

What does the speaker suggest about the relationship between the stock market and the economy?