- First Word
COVID-19 still retreating. Industrials could break to upside in 2022. Entering "Buy November and HODL" --> the other side of "Sell in May, go away"
- Tom Lee's Equity Strategy
Overweight Value, Cyclicals; Favor Tech, Energy, Industrials
In my previous missives about 2020, I outlined our market view from 30,000 feet, so to speak, that our base case outlook is U.S. stocks rise 10% plus—to about 3450 on the Standard & Poor’s 500 index. This is predicated on index earnings growth of about the same amount or...