Wall Street Bull Tom Lee Resurfaces After Vanishing From JP Morgan
CNBC's Carl Quintanilla just announced Lee would be on CNBC at 10 am ET.
Lee, formerly the chief US equity strategist for JP Morgan, is now the founder and head of Fundstrat Global Advisors.
From the Fundstrat.com: "We are an independent research boutique, providing market strategy and sector research. Our differentiated approach is based on what we call fundamental strategy. That is, our research process combines a top-down strategy view and a bottoms-up fundamental view, to develop a roadmap of practical and useful investment insights for our clients."
Lee has often been panned for being a permabull. However, many of his market forecasts have ultimately been winners.
Before leaving JP Morgan, Lee published a 2,075 year-end target for the S&P 500 at the beginning of the year. At the time, his was the most bullish call on Wall Street. But with the S&P surging to as high as 2,011 recently, Lee's has proven to be one of the more accurate calls.
Even after his abrupt departure from the JP Morgan, the details of his forecasts have proven prescient.
Is he still bullish? We'll soon find out.
- Singapore Airlines was ordered to pay a couple compensation for 'mental agony' after they complained their business-class seats didn't automatically recline
- Welcome to the white-collar recession
- A software engineer shares the résumé he's used since college that got him a $500,000 job at Meta — plus offers at TikTok and LinkedIn
- People intolerant of other religions are more likely to reject science, study asserts
- 7 reasons why cucumber can be your summer weight loss friend
- 8 refreshing kulfis you must try this summer
- Adani Enterprises Q4 net falls 37%; incubating businesses show strong momentum
- India, New Zealand hold Joint Trade Committee meeting to deepen relations
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market