Here's why stocks will hit new all-time highs within months, according to Fundstrat's Tom Lee | Markets Insider

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 🤦‍♂️

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks Turn Positive, Dow Jumps 100 Points After Big Tech Earnings Beat ExpectationsThe stock market turned positive today, as the Dow jumped 100 points after big tech earnings beat expectations by skleb1234
Source: Forbes - 🏆 394. / 53 Read more »

Iran's stock market surges past key level to record high, as analysts warn of bubbleIran's main stock index broke through the key 2 million point mark for the first time ever on Sunday, state media reported, amid warnings that the market is overheating. Stock markets worldwide are pumping amidst record unemployment and impending catastrophic recession Literally, literally the first time I've seen a headline that suggested stock market growth was a potential risk. I can't imagine why. Pop
Source: Reuters - 🏆 2. / 97 Read more »

Apple tops Saudi Aramco as most valuable publicly listed companyApple Inc's stock hit a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world's most valuable publicly listed company. Thanks still a long way to go😊
Source: Reuters - 🏆 2. / 97 Read more »

Why Microsoft would consider buying TikTok, according to analysts - 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. And of course Microsoft have a great record when it comes to big acquisitions 🤫 Must protect stuff from China to please our great leader Winnie the Pooh. You dumb asses. The Chinese Communists Party uses it to spy. That's why Trump wants to ban it. Communists are boneheaded fucktards. Henry Blodget is a felon.
Source: BusinessInsider - 🏆 729. / 51 Read more »