Strategist who called market bottom sees more gains ahead as 'epicenter' stocks are set to rally

is primed for another leg higher led by stocks benefiting from the economy reopening.

Lee hiked his S&P 500 price target to 3,525 on from 3,450 on Thursday night. His new target implies an upside of 4.4% from the S&P 500 previous close of 3,373.43. The S&P 500 has never traded above 3,400. His call came after a massive rally off the March low — which he called — that left the S&P 500 a stone's throw away from its Feb. 19 intraday record of 3,393.52. Since hitting an intraday low on March 23, the S&P 500 is up more than 50%. Those gains have been largely led by growth stocks, especially the major tech names.

Pro With the stall in stim talks I can’t really see this market growth continuing in the short term. Seems like a perfect time to tp for institutional and retail investors alike. Waiting on cares2..

Pro ok ok

Pro Psycho

Pro I Called Stockmarket Bottoms *2 YEARs BEFORE* Stockmarketcrash SPY NASDAQ Dowjones Nikkei FTSE100 DAX

Pro This dude is a permabull and luckily for him, Trump has been illegally appropriating untraceable government funds to prop up the markets.

Pro I called the market bottom better than that permabull charlatan and I have the opposite view from the muppet now

Pro This strategist can say anything, but keep in mind he has no control on any geopolitical factors such as US - China tension, which is expected to escalate as we get closer to election. I still expect the market to go down in the next 3 months.

Pro I called bottom of the $DJI by 118$ last summer.... Want to know how?

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

The stock market rally is not connected to reality, India stock exchange chief warns'It's a really uncertain world, and nobody really knows how it's going to develop over the next 12-18 months,' Vikram Limaye told CNBC. The stock market is so propped up by the Fed. FACT: Trump has pumped more into the stock market, last I heard over $5Trillion, than he has on COVID relief. POS is even more propped up than the market. It's ALL gonna come crashing down. Just look at the PEs... MainStreet know already, tell Powell, BlackRock, Trump, and WallStreet.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Top Stocks To Short Today As Markets Rally After Tuesday's Late DropThe economic recovery would be seen greater if there was something to combat COVID-19. Today, big tech recovered some losses, with the Nasdaq well in the green just under 2% this morning. Our AI and deep learning algorithms have identified the Top Shorts for today. How's that GNP going and more importantly consumer confidence ... stock market is not the economy... 👍
Källa: Forbes - 🏆 394. / 53 Läs mer »

Stock market outlook: Goldman Sachs sees S&P 500 up nearly 7% at 3,600 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »