Fundstrat managing partner and head of research Tom Lee is sticking with a bullish forecast on the S&P 500 before the end of the year.
Investors should remain optimistic that markets can rally before the end of the year, according to Fundstrat Global Advisors managing partner and head of research Tom Lee. "I think investors should remember that the best opportunities to really make money are during periods of fear, whether that's March of 2023 or it was October of 2022," Lee said on CNBC's " Closing Bell: Overtime " Tuesday.
8%, a 16-year high. Lee added that while higher yields are an attractive prospect, he noted that traders should remember the longer term typically favors stocks. "The average S & P nominal return is 8%, and after a drawdown like this it's probably 10% a year," Lee said, noting that the long-term average of the 10-year yield is about 4.8%.
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