With strong earnings reports from the FANG stocks on Thursday, coupled with the ongoing reopening of the US economy, earnings visibility is set to increase. That will help drive the stock market to new all-time highs later this year, according to Fundstrat's Tom Lee.
That's according to Fundstrat's Tom Lee, who said in an interview that Thursday's blockbuster earnings reports from Facebook, Amazon, Apple, and Google-parent Alphabet, coupled with the ongoing reopening of the US economy, set the stock market up well for the rest of the year. According to Lee, the 10-year US Treasury trades at a price-earnings multiple of 180x, while corporate bonds trade at a price-earnings multiple of 40x,"so FANG's actually pretty cheap as a bond proxy," Lee said.
Tom Lee is a BS forecaster. You're better off just flipping a coin than taking his evidence based bs.
Maybe because its really a ponsi scheme and tom lee is leading the charge..but hey we're all on board and hopefully he's right.
fundstrat Epic interview or discussion, him and CathieDWood - 2-3 hr Joe Rogan style chat. Weed optional.
Nice news, but it is likely temporary. High powered experts are predicting a crash/harsh correction. Optimism may carry the market through the election, but after it becomes clear that there is no fast was out of COVID19 that may change. TrumpDepression
fundstrat Tom - don’t you think the market has to correct first before we can achieve ATHs? The people with money on the sidelines will not enter this market at these levels, as even the Small Caps are overvalued.
fundstrat Good article
fundstrat Not in Australia thanks to DictatorDan 🤦♂️
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