Tom Lee says the 2022 bear market is over stocks could hit new highs before year-end

Tom Lee says the 2022 bear market is over stocks could hit new highs before year-end

Summary : The volatile bear market that’s rocked stocks for the last few months is over, according to Fundstrat Global Advisors’ Tom Lee. Given these comparisons, Lee said stocks could hit new highs by the end of the year, with the S & P 500 breaking back above 4,800. At the same, global companies continue to post solid earnings per share growth despite a surging U.S. dollar and negative GDP print, he added. “Our base case for the first half of this year was that stock would be treacherous, but it’s been far worse than we expected,” Lee said.

<<<<<<<<<<<<<<<<<<<<