Your Weekly Roadmap
- Your Weekly Roadmap
- Your Weekly Roadmap
S&P 500 Surpasses 5,000 Threshold, Extends Weekly Win Streak to Five
Good evening, The S&P 500 momentarily broke 5,000 for the first time on Thursday (5,000.40, to be precise) only to fall back slightly at closing bell. Then on Friday, the index breached that level more assertively, perhaps in part due to the Bureau of Labor Statistics (BLS) revising its December...
- Your Weekly Roadmap
Healthy Earnings Power the S&P To New Levels; Chances of a March Cut Remain
Good evening, This was an important week for markets, with myriad macroeconomic catalysts having their say. “We learned a lot this week,” Fundstrat Head of Research Tom Lee told us. “Our primary takeaway is that 2024 will be a challenging year, but ultimately positive — just as January had zig-zags,...
- 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
Despite Markets Hitting New All-Time Highs, We Urge Caution
Good evening, We closed out the week with the S&P 500 hitting all-time highs, an unambiguously positive milestone. Yet the celebratory mood at Fundstrat was somewhat muted this week. Head of Research Tom Lee argued that “the easy money has been made for now.” This is illustrated in our Chart...
- 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
VALIDATION OF PROGNOSIS FOR THE YEAR AS LEE HITS 2023 TARGET
Good evening, When Tom Lee said a year ago that the S&P would end 2023 at 4750, many were inclined to dismiss the prediction as the view of a permabull who had contrarianed himself into a corner. Consensus was expecting a hard landing and inflation fighting lasting a decade, which...
- Your Weekly Roadmap
Weekly Win Streak at Eight as Lee Remains Constructive
’Tis the season for holiday parties, and this week Fundstrat Head of Research Tom Lee related his anecdotal experience at the parties this season: “In my conversations, I’ve found that most institutional investors remain cautious,” he observed. “It seems that this is mainly because for many, the takeaway from the...
- 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...
