Weak US Economy Flashes ‘Risk On’ Signal for Stock Market Bulls

stock market, S&P 500

The S&P 500 extended its recovery on Friday, adding to Thursday’s solid bounce following an intense two-day stock market correction. The bullish price action prompted many traders to predict that the market’s bellwether index had already bottomed out. These traders are not alone in their optimistic outlook. Fundstrat co-founder Thomas Lee remains mighty bullish on … Read more

Stock Market Bull Tom Lee: Buy the Trade War-Induced S&P 500 Dip

stock market, S&P 500, dow jones

Stock market bull Thomas Lee of Fundstrat has invited investors to “back up the truck” and load up on the trade war-induced dip in the S&P 500. His client letter comes at the end of an action-packed week full of economic data, a landmark interest rate decision, and political wrangling that caused volatility to spike … Read more

What Trade War? Tom Lee Says the S&P 500 Could Return 23% This Year

Thomas Lee, Fundstrat

By CCN.com: The stock market still has more runway for gains despite the trade war. Fundstrat Co-Founder Thomas Lee is doubling down on his year-end target of 3,100 for the S&P 500, which reflects gains of 9% from where the index hovers today. The S&P 500 has already climbed 14% higher year-to-date, and but the … Read more

High-Rolling US Consumers Rescue Dow from Trade Hurricane

dow djia us consumer spending

U.S. consumers are, more than ever, the envy of the world. While the global economy grapples with slow growth, U.S. consumer spending has prevented it from teetering on the cusp of collapse and may have single-handedly saved the Dow Jones Industrial Average in the process. Forget the FUD: Consumers are Pushing the Stock Market Higher … Read more

Wall Street Strategist Tom Lee Predicts S&P Rally in 2019

tom lee

Wall Street strategist Tom Lee, believes the massive sell-off in equities recorded in the U.S. financial markets within the fourth quarter of 2018 is nothing more than a “mid-life” crisis laying the groundwork for even larger gains in the financial market. Speaking in an interview with CNBC’s Fast Money: Half Time Report, Lee noted that … Read more

Dow Jones and Greater Stock Market Having a ‘Mid-Life Crisis’: Tom Lee

Fundstrat’s Tom Lee says the stock market sell-off doesn’t indicate a recession is nigh, but the earnings season looks “ugly” and the U.S Federal Reserve is to blame. Speaking today on CNBC’s Fast Money, the analyst, who appears lately to be receiving more and more criticism for his predictions, spared the numbers but doesn’t hold … Read more