Comment on One of Wall Street's most steadfast bulls is worried about stocks (SPY)

One of Wall Street's most steadfast bulls is worried about stocks (SPY)

Bloomberg TVFundstrat's Tom Lee is worried about the stock market after being one of its biggest bulls for eight years. In a note sent to clients on Friday, Lee said several factors that had supported his views on the market, including attractive valuations and central-bank support, had turned neutral or possibly negative. "Many of these factors have become neutral and potentially headwinds," Lee said. "We see the conditions in place for a 1H drawdown, although our original 2150 target does seem awfully hard to reach — we now look for equities to pullback to 2200-2225 in 1H," he said, referring to the first half of 2017.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News