Stovall, Lee and Belski Share Current Market Views
On CNBC this week, Sam Stovall, Brian Belski and Tom Lee opined on the current state of the markets. The typically bullish Lee was sanguine on the prospects for 2017 forecasting a modest pullback of 5-7 percent in the first half of the year, followed by a stronger second half.
“Is the first half of the year a great time to be buying stocks? I think you’ll get a better entry point,” Lee said.
Stovall observed that in 9 out of 10 years investors are served up with a correction providing an opportunity to invest at lower levels.
Belski discussed hedge funds jumping on the Trump rally as their performance since 2009 has been abysmal.
Back in August, Lee was bullish on stocks saying the earnings recession was ending [link].