Stocks Officially Enter New Bull Market
Jun 9, 2023
• 9
Min Read
“A lot of people, when they get negative on the market, put 50% in cash, but unfortunately a lot of times when you get to that position, it’s just about when the market’s going to rally.” -- Peter Lynch
Good evening:
At the end of 2022, Head of Research Tom Lee forecast that the S&P 500 would rise more than 900 points to end 2023 at 4,750. This week, the S&P 500 briefly broke past the 4,325 mark, putting us ahead of schedule as we head toward the year’s midpoint. Pundits have admitted that Lee has been right for months: We believe a bull market has been underway for mo...