Domain: tiger-web1.srvr.media3.us Tom Lee (Fundstrat Global Advisors) - Bottom in July, Strong 4thQ, S&P to Hit 5100 | Page 2 | Money Talk
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re: Tom Lee (Fundstrat Global Advisors) - Bottom in July, Strong 4thQ, S&P to Hit 5100

Posted on 7/11/22 at 7:13 am to NC_Tigah
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
95188 posts
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Posted on 7/11/22 at 7:13 am to NC_Tigah
quote:
• Looks for a recession in Europe to create tech headwinds, but expects tech to rebound despite that.


I just don't know what is driving this except naked optimism. I know the "chip shortage" is finally going to ease up at some point, but that's only 1 segment of the tech market.

quote:
• Expects gas prices to fall slightly despite tight oil supply. Food inventories building should pressure prices downward.


This I agree with. Once Summer driving season in the U.S. ends, anyway, that alone will ease up gas prices.

quote:
• S&P 5100 target in 2023 Q1.


Meh. I don't see it. Let's get back to 4500 before we start talking 5000 or better. Obviously, inflation alone can drive up "valuations", but they will be phantom gains (at least in the short term).
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