In January, most economists were convinced that stubborn inflation and rising interest rates would lead to an imminent recession, and Wall Street’s top minds were feeling bearish about 2023.
But Fundstrat Global Advisors cofounder Tom Lee was optimistic. The veteran market watcher, who previously served as JPMorgan’s chief equity strategist, argued that the S&P 500 was set to soar nearly 25% to between 4,750 and 4,800 by year-end.
