Stocks Complete First-Half Rally In Style
Jun 30, 2023
• 7
Min Read
“The rivalry is with ourselves. I try to be better than is possible. I fight against myself, not against the other.” ~Luciano Pavarotti
Good evening:
With the first half of 2023 in the books, the U.S. stock market is up more than 16% YTD, ahead of schedule for Tom Lee’s prediction for the market to end the year 25% higher than it began. The Nasdaq 100 had its best start ever, topping 1998, up 39.74% YTD.
In January, Lee cited the “rule of first 5 days” as one reason why the market would rise in 2023. Now, he’s again turning to history.
Since 1950, there have been 22 in...