Tom Lee: Earnings Recession is Ending
Last week on CNBC, Thomas Lee, co-founder of Fundstrat Global Advisors, provided his current outlook for the markets. Lee believes that growth trades, including commodities and equities, have begun working again. Lee also predicts earnings growth will resume.
Lee stated that investors should be buying equities over other asset classes.
Lee compared the current environment to 25 years ago saying, “In 1990, bond yields stabilized … after huge declines from ’82 to ’90, and there were a lot of investors who thought the bull market would run out of steam in 1990, and they missed really the 10 years of the biggest returns in the stock market.”
Regarding negative yields seen in other nations, Lee said it was strange, but he doesn’t believe the US will get to such low yields.
In September 2014, Lee provided reasons the bull market in stocks would continue [link].
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Jeremiah Weed
August 29, 2016 at 10:13 am
Saw Mr. Lee on TV this morning. He said there is a lot of cash on the sidelines, that margin debt is falling double digits which is never seen when the market is topping. Full speed ahead.