Your Weekly Roadmap
- Your Weekly Roadmap
- Your Weekly Roadmap
Markets Advance for the Week as Spot Bitcoin ETFs Make Their Debut
Good evening, As Fundstrat Head of Research Tom Lee has frequently written, what happens in the first five trading days of the year tends to show how the rest of the year will play out. At the close of trading this Monday, the fifth trading day of 2024, the S&P...
- Your Weekly Roadmap
S&P 500 Weekly Win Streak Ends at Nine
Good evening, After the joys of the holiday season and a 2023 in which the S&P 500 rose more than 24%, the rough markets in the first four trading days of the year proved somewhat jarring. Fundstrat Head of Research Tom Lee was on a much-needed vacation this week but...
- Your Weekly Roadmap
S&P 500 Notches Seventh Consecutive Winning Week, Nears All-Time High
Good evening, Most investors had one main focus this week: December 13, when the Federal Reserve announced that it would leave the Fed funds rate at the same levels they have occupied since July 26, 2023. Before the announcement, the likelihood of the FOMC leaving rates unchanged was seen as...
- Your Weekly Roadmap
Markets Advance, Lee Releases 2024 Outlook
Good evening, Last week, Fundstrat Head of Research Tom Lee posited that November jobs numbers could come in strong, what with autoworkers, screenwriters, and actors returning to work after ending their respective strikes, and with related industries consequently ramping up. Along with seasonal hiring and better weather, this helped jobs...
- Your Weekly Roadmap
Stocks Close Week at 2023 High
Good evening, November turned out to be the best month of the year for stock markets. The S&P 500 ended up 9% for the month, while the Nasdaq gained 10.7%. As we headed into December, revisions to U.S. 3Q GDP supported our longstanding thesis of a resilient economy accompanied by...
- Your Weekly Roadmap
Markets Keep Climbing, Lee’s Base Case Remains Unchanged
Good evening, For Head of Research Tom Lee and his team, the markets, year-to-date, are behaving essentially as he forecast back in December. Lee noted in mid-December that there was not a single instance where the S&P 500 fell 20% and got within 1% of an all-time high without subsequently...
- Your Weekly Roadmap
Painful Week for Stock Investors as Sentiment Slides
Good evening, Fundstrat’s Head of Research Tom Lee opened this week’s internal research huddle with a blunt assessment. “The markets were just bleeding every day,” he acknowledged. In his view, some of this had to do with tax-loss harvesting on the part of mutual funds, which mostly end their tax...
- Your Weekly Roadmap
Yields Continue to Climb, Weighing on Markets
Good evening, Treasury yields continued to climb this week, with the US 10-year reaching 16-year highs. On Friday, it rose above the 5% level for the first time since 2007, albeit briefly. This had the expected effect on markets, with all three major US indices closing sharply down. Equities actually...
- Your Weekly Roadmap
Markets Resilient During Global Turmoil
“There is no such thing as perfection, there are only standards. And after you have set a standard you learn that it was not high enough. You want to surpass it.” ~Jascha Heifetz Good evening: Fundstrat Head of Research Tom Lee noted last week that he saw signs of “equity...
- Your Weekly Roadmap
Selling Exhaustion Suggests Turnaround Point Near
“Satisfaction of one's curiosity is one of the greatest sources of happiness in life.” ~Linus Pauling, Nobel Laureate (Chemistry, 1954 and Peace, 1962) Good evening: As the first trading week of October and the fourth quarter of 2023 began, Fundstrat Head of Research Tom Lee acknowledged that the tough third...