Thomas Lee is a co-founder, managing partner, and the head of research at Fundstrat Global Advisors and FSInsight.com. He is an accomplished Wall Street strategist with over 25 years of experience in equity research and has been top ranked by Institutional Investor every year since 1998. Prior to co-founding Fundstrat, he served most recently as JP Morgan's chief equity strategist from 2007 to 2014, and previously, as managing director at Salomon Smith Barney. His areas of expertise include market strategy, small/mid-cap strategy, and telecom services. Mr. Lee received his BSE from the Wharton School at the University of Pennsylvania with concentrations in finance and accounting. He is a CFA charterholder and is an active member of NYSSA and the NY Economic Club.
Markets Rising in 2023 on "Better Than Feared" Contrasting with 2022 Seeing Declines Due to "Worse Than Expected"
Equity markets are on track to gain as much as 20% in 2023, reflecting multiple positive developing tailwinds. While investors think EPS or Fed pivot signal bottom, this is an inflation cycle.
The year 2022 featured many challenges for investors, including higher inflation, higher interest rates, and poor stock and bond market performance. But it's a new year. And in 2023, investors should see less crisis and more opportunity. Tune in to this presentation to find out why.
Why the Wall of Worry Hitting Markets Doesn't Mean a Bear Market Is Starting, and Best Strategies to Navigate
There are multiple cumulative and credible challenges to this US and global economic expansion, from inflation, shortages, wars, and now a hawkish Fed. However, we discuss why the recent recovery in equity markets is congruent with these headwinds. And we discuss what strategies might best leverage this environment.
The re-starting of the global economy has come with multiple hiccups including supply-chain glitches, labor shortages, social divisiveness, and confusing government responses. Thomas Lee discusses how corporates have been very resilient in the midst of this, creating value for shareholders.