Your Weekly Roadmap
- Your Weekly Roadmap
- Your Weekly Roadmap
Stocks Notch New Highs on Way to Losing Week
Good evening, Equities had something of an uncertain start this week, with the S&P 500, Nasdaq, and DJIA all declining. On Tuesday, the S&P 500 fell more than 1%, and as Fundstrat Head of Research Tom Lee pointed out, such declines often cause habitual top callers to proclaim the end...
- Your Weekly Roadmap
Nasdaq joins S&P 500 in Setting Records
Good evening, After Nvidia ($NVDA) took markets on a wild ride last week, much of this week was somewhat more range-bound. Nevertheless, stocks continued their advance. The Nasdaq hit an all-time high close on Thursday, breaking a record set in 2021, then set a fresh record on Friday. The S&P...
- Your Weekly Roadmap
Nvidia Propels Global Stock Indices to New Records, Shows Rally Still Has Firepower
Good evening, This week, Nvidia ($NVDA) released quarterly results that arguably blew away everyone’s expectations. Fundstrat Head of Research Tom Lee has been a vocal advocate for the company’s potential and importance since 2019, when he put the stock on our Granny Shots stock list. He remains enthused about the...
- Your Weekly Roadmap
Markets Troubled by Inflation Data, End Weekly Win Streak
Good evening, The primary macroeconomic event impacting markets this week was the release of the latest Consumer Price Index (CPI) reading. As we began the week, Fundstrat Head of Research Tom Lee told us that, anecdotally, based on his conversations with clients, RIAs, and investors at various industry events, uncertainty...
- 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...