VALIDATION OF PROGNOSIS FOR THE YEAR AS LEE HITS 2023 TARGET

FS Insight Team

“In the United States, our greatest single source of wealth is the minds and talent of our young people. Not to use it is stupid - to waste it is a crime." ~ Isaac Stern

Good evening,

When Tom Lee said a year ago that the S&P would end 2023 at 4750, many were inclined to dismiss the prediction as the view of a permabull who had contrarianed himself into a corner. Consensus was expecting a hard landing and inflation fighting lasting a decade, which did not exactly lend itself to the propositi...

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