"Wall Street Braces for Imminent Stock Market Correction Amid Clear Warning Signs"
TL;DR Summary
Fundstrat's Tom Lee, a bullish equity strategist, warns that a stock market correction is imminent after the S&P 500's 21% rally over 14 weeks, citing historical patterns and potential concerns over the Federal Reserve's interest rate cuts. Lee expects a 7% decline, sending the S&P 500 to about 4,600, but maintains a bullish view for 2024, predicting a rise to a range of 5,200 to 5,400.
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