Stocks Slide After Santa Skips a Year
Jan 3, 2025
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"Cream rises. Excellence does have its rewards." ― Anthony Bourdain
Good evening,
We hope you and your family had a happy and joyous holiday. Stocks ended the week down, continuing a slide that began before the New Year. One obvious question arises: Does this decline signal a turning point for stocks?
"We don't think so," responded Fundstrat Head of Research Tom Lee. In his view, the tailwinds that helped 2024 gain more than 20% for a second straight year remain in place. In fact, those tailwinds "are arguably stronger in 2025 than they were in 2024," he told us.
One...