Stocks Complete First-Half Rally In Style

FS Insight Team

“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...
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