Thomas Lee of Fundstrat: One of Wall Street’s Biggest Bulls is Getting MORE Bullish
Jul 13, 2023 ·
10m 41s
Thomas Lee is Managing Partner and Head of Research at Fundstrat Global Advisors. In this interview, the well-known Wall Street bull shares the three reasons why he’s even MORE bullish...
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Thomas Lee is Managing Partner and Head of Research at Fundstrat Global Advisors. In this interview, the well-known Wall Street bull shares the three reasons why he’s even MORE bullish on the S&P 500 now than he was before. He also explains what fueled his recent “tactical buy” call, a call the likes of which he hasn’t issued in more than 10 years. As for the fundamentals, Tom says the expectation that S&P 500 earnings will drop 7%-plus in Q2 is both overly pessimistic and skewed by one factor. He notes that the current rally will be longer than the preceding decline if it continues through July 26, making the “bear market rally” moniker invalid. And he shares why he still likes Big Tech, what three catalysts should power industrials, and why one lagging sector should finally find its footing.
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