Citi's Levkovich Expects Better U.S. Economic Data Late in Fourth Quarter

The video discusses the fading US economic data, particularly in manufacturing and consumer sectors, and its implications for global equity allocation. It highlights the importance of the US dollar in investment decisions, especially concerning emerging markets. The video also examines interest rate differentials, budget deficits, and their impact on currency movements. Despite concerns of economic weakening, the video suggests potential improvement in US economic data based on lending standards and historical trends.

What does the speaker suggest about the economic data expected in the fourth quarter?

What concerns do investors have regarding the US economy despite the expected improvement?