Headwinds Remain — Expect Challenging 2H23

The ongoing debt ceiling negotiations and lack of a deal between the White House and the GOP continues to dominate the overall equity markets and creates ripples with each headline that hits the tape.  Also, a big factor that has everyone’s attention is AI and the top 10 technology names that have had an upward surge in their stock prices.  Indeed, the outsized impact of these stocks on the weighted S&P 500 has caused some to suggest that the index has begun a new bull market, an

The ongoing debt ceiling negotiations and lack of a deal between the White House and the GOP continues to dominate the overall equity markets and creates ripples with each headline that hits the tape.  Also, a big factor that has everyone’s attention is AI and the top 10 technology names that have had an upward surge in their stock prices.  Indeed, the outsized impact of these stocks on the weighted S&P 500 has caused some to suggest that the index has begun a new bull market, and that there is talk of investors feeling the need to put money to work in fears of missing out on additional gains.  Over the last week, some competitor sell-side strategists have either tempered their bearishness or actually flipped to more constructive solely on the S&P 500’s popping its head over 4200 and creating the appearance that a clear upside breakout was imminent. 

...

Finish reading this report for free

Enter your email and we’ll send the paywall-free report directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter FSI Snapshot, as well as occasional updates and offers from FS Insight. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In

Trending tickers in our research

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In