Your Weekly Roadmap
- Your Weekly Roadmap
- 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
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
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
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
Equities Energized as Core CPI Hits Two-Year Low
Good evening, Before the markets opened on Nov. 1, Tom Lee, Fundstrat’s Head of Research, alerted investors to a burgeoning “baby rally.” Lee made this call after observing the bearish positioning of both institutional and retail investors, as well as the low levels of leverage in the markets. As this...
- Your Weekly Roadmap
Stocks Continue Climbing
Good evening, Major stock-market indices have continued to advance and, as of Friday, the S&P 500 has closed up nine out of the last 10 days. With a decided scarcity of new macroeconomic data to drive the markets this week, Fundstrat Head of Research Tom Lee saw positioning as one...
- Your Weekly Roadmap
Stocks Show Vigor As November Begins
Good evening, October 2023 was painful, but it ended with markets swinging upwards. We began the week down around 5%, but by October 31, equities investors had received a much-needed Halloween “treat,” as stocks erased more than half of those losses. Still, October ended on Tuesday with the S&P 500...
