Fundstrat founder Tom Lee has grown more bullish on stocks, seeing the S&P 500 reaching a record high before the end of 2023.
Fundstrat founder Tom Lee has grown more bullish on stocks, seeing the S & P 500 reaching a record high before the end of 2023. The widely followed strategist raised his year-end target for S & P 500 to 4,825, from 4,750. The forecast represents an 8% gain from Friday's close of 4,450.38 and a new all-time high above the previous record of 4,821.
But as we highlighted a few months ago, we have entered a "buy the dip" regime, so 2% pullbacks are generally buyable." .SPX YTD mountain S & P 500 The market just ended the first half of the year with flying colors. The S & P 500 popped 15.9% for its best first half since 2019. The tech-heavy Nasdaq Composite surged 31.7%, for its best first half since 1983. The 30-stock Dow added a modest gain of 3.8%. Lee pointed out that history is on his side.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This Fire-Damaged 1954 Ferrari 500 Mondial Spider Is Probably Worth More Than Your House | CarscoopsIt features an extensive racing history, some period-correct driveline components, and enough damage that it would scare a restomod YouTube channel car auto cars
Read more »
S\u0026P 500 Forecast: Rally Amid Economic HeadwindsThe S\u0026P 500 displayed a rally during Friday\u0027s trading session, approaching a significant resistance level near 4500.
Read more »
Finland Is Home to the World's Happiest People. Their No. 1 Secret Is This 500-Year-Old Mindset, Says Psychology ExpertFor six years in a row, Finland has been ranked as the No. 1 happiest country in the world. Psychology expert E. Elisabet Lahti credits this phenomenon to “sisu,” a Finnish mindset that has been around for more than years.
Read more »
Namgoong Min, Ahn Eun Jin, Lee Hak Joo, And Lee Da In Immerse Into Their Roles At Script Reading For Upcoming Historical DramaNamgoong Min, Ahn Eun Jin, Lee Hak Joo, And Lee Da In Immerse Into Their Roles At Script Reading For Upcoming Historical Drama
Read more »
Recession canceled? U.S. stock market ‘pretty frothy’ after S&P 500’s strongest first half since 2019The S&P 500 just wrapped up its strongest first half of a year since 2019, leaving its momentum for the rest of 2023 in question.
Read more »
Lee Cronin Discusses What Might Come Next for the Evil Dead FranchiseWith three books at play, Evil Dead Rise director Lee Cronin is excited to see what the horror franchise does in the near future.
Read more »