2019-5-21 20:38 |
By CCN: The stock market still has more runway for gains despite the trade war. Fundstrat Co-Founder Thomas Lee is doubling down on his year-end target of 3,100 for the S&P 500, which reflects gains of 9% from where the index hovers today.
The S&P 500 has already climbed 14% higher year-to-date, and but the mood in the market has felt more like “doom-and-gloom” than “to the moon” as a result of the trade war tensions with China. Nonetheless, perma-bull Lee is confident that most stocks won’t feel the heat from the geopolitical fire. Good to discuss with @sullycnbc why
The post What Trade War? Tom Lee Says the S&P 500 Could Return 23% This Year appeared first on CCN
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