All articles tagged with #fundstrat global advisors
Tom Lee of Fundstrat Global Advisors believes that the Federal Reserve cannot argue against three recent inflation reports showing higher-than-expected numbers, and discusses the potential challenges in the last mile of inflation and its impact on the economy.
The S&P 500 has gained over 13% in the first half of 2023, and history suggests that the median return for the second half is 8% with an 82% win ratio, according to Fundstrat Global Advisors. The recovery of the US stock market this year has been led by megacap technology stocks, and the rapid recovery of technology stocks is evident. Fundstrat's founder, Thomas Lee, expects a broadening of the market could push the S&P 500 to soar more than 20% for the year to end at 4,750.