Tom Lee - Fundstrat

[tsptalk]

 

[TommyIV]

Small caps could make a 50 to 60% move higher at some point this year? What a thing to say so casually.

 

[JTH]

Small caps could make a 50 to 60% move higher at some point this year? What a thing to say so casually.

3:54 "I think there's a chance at some point this year maybe it's June you have a chance to make 20% between now on year end and I think small caps could make a bigger move you know 50 or 60% so I think there's still... What? Yeah I think the IWM could end the year (Russell 2000) could end above 3,000"

From the 2020 bottom to top IWM was 110.24%. Not sure how accurate he can be, but in 2020 the S-Fund did 31.85% and in 2003 42.92%

 

[tsptalk]

The bullish take:

Tom Lee expects the S&P 500 to hit 5,800 by the end of the year. "I think the end of this year will be a day of reckoning for those who are sitting on cash, earning 5%," he says.

https://x.com/SquawkCNBC/status/1807759499383464264