Fundstrat's Tom Lee on 6,000 S&P 500 year-end target: Setup into year-end has a lot of tailwinds
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- Опубликовано: 1 окт 2024
- Tom Lee, Fundstrat Global Advisors managing partner and head of research, joins 'Squawk Box' to discuss the latest market trends, why he's calling for a year-end S&P 500 target of 6,000, the Fed's inflation fight, and more.
The biggest lesson I learned in 2023 about the stock market is that nobody knows what will happen next, so practice some humility and low a strategy with a long-term edge.
Nobody knows anything; You need to create your process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
@@JacobReynolds-t7v True, initially I wasn't quite impressed with my gains, as opposed to my previous performances, I was doing so badly, that I figured I needed to diversify into better assets, I touched base with a portfolio advisor, and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
@@JoeWilmoth-k2w Could you kindly elaborate on the advisor's background and qualifications?
@@BarbaraLouise-i3r “MARGARET MOLLI ALVEY’’ is the licensed fiduciary I use. Just research the name. You’ll find the necessary details to work with a correspondence to set up an appointment.
@@JoeWilmoth-k2w I just ran an online search on her name and came across her website; pretty well educated. thank you for sharing.
Every single day, new bear content. Every single day, my portfolio is going up. I've been watching bear content for a year. Glad I never acted on it but rather I listened to my FA Abby Joseph Cohen or I would have missed out on huge, enormous gains.
The thing is people often doubt the prospects of financial advisors like Abby Joseph Cohen in business/markets today. Well it gives me more time to get ahead while they stew in their own pity and doubts as they childishly complain about those spreading the word
Abby Cohen hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost a million bucks in my portfolio.
How can i reach this Abby Joseph Cohen, if you don't mind me asking?
@@RamseyAlaqelWell her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
@RamseyAlaqel Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to set up an appointment.
In Tom Lee we trust!
Bot?
Tom “The Hair” Lee! One of my favorites. 😂
Yeah, very cool hairstyle and he’s a bull on stocks very positive comments. I like that 🎉
his most valued asset
That's not hair, that's a helmet.
Be VERY careful, as Tom's been "Wrong",.. a Couple of, Times !
The Strike, will Hurt,. Earnings for, Retail !!!
And, the Market's, very,.. TOPPY !!
He has one eye on the present, one eye on the future. 😑
Protect Tom Lee at all costs! This man is a national treasure.
Tom Lee, next US President!
🤡
I'd like to see him in an advisory role.
This show would be better if Joe didn't drag politics into it 😕
He's a little boy just like his fuhrer Trump.
Can you whine more.. your pronouns are showing.
It would be better if Joe wasn't on the show period!
September has historically proven to be one of the most volatile months for stocks and even crypto. With this uncertainty looming, I'm at crossroads deciding if to liquidate my $250k portfolio and get back in after the election, or just wait.
imho everyone needs a sort of advisory services in order to thrive forward these days, times are uncertain
True, I'm in line with utilizing an advisor, cos my job doesn't permit me the time to analyze stocks myself. Thankfully I got fully invested 2020 amid covid-outbreak, and as of today, my portfolio has 5X in 4 years, summing up nearly $1m.
this is great! who is the professional guiding you please? enthused about investing for my eventual retirement but dont know how to go about it, for now I only invest in my 401k through my employer and gains are quite slow
She goes by ''Katherine Nance Dietz'' a renowned figure in the financial industry with over two decades of experience. I'd suggest you research her further on the web.
excellent share, curiously inputted Katherine Nance Dietz on the web, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
mr maga does another interview with lee
😂
I used to work with a guy with that actual family name. I’m told he didn’t like all the attention about it. Maybe not as bad as “Osama’s Place”. The business owner was getting threats after 9/11 to change his store’s name even though it’s been named that since the previous owner who it was named after.
Joe should be a political commentator and analyst instead of being a business commentator.
The cheeky smile on Tom's face. LOL
I am a big fan of Tom Lee, I retired at 55 now, 65. I have close to a six-figure portfolio, 70% blue-chip companies, the rest in growth etfs sp500 nasdaq global technology. Don't need the money tho, How best do i preserve my portfolio for my grand-children?
Tom Lee has maintained his year end S&P estimate at 5200 which is 500 points below todays level, most other analysts have raised it to 6000. Is this time different? However how do you explain that buffet has over 200 b in cash and continues to sell stocks and the buffet index is at 2 std and at all time highs?
IMO this rate cut will a create new buying opportunity, but given the current market uncertainty, have you considered consulting a fiduciary advisor?
Over $6 trillion is in money markets earning high interest, but Fed rate cuts will push this money into equities. A crash/recession can be discussed after that shift. My financial advisor has helped me understand the market, gaining 25% this year under her guidance.
Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
Victoria Louisa Saylor is the licensed advisor I use. Just google the name and you’d find necessary details. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
How egoistic can these Port workers and their councils be? There is a 50% increase offer on the table and they risk for an additional potential 10% the entire economy of the us to be stabilized…
They're being ridiculously greedy to say the least. I want the automation to come as soon as possible so these people can't hold the US economy hostage anymore.
Hilarious that these outlets have y’all hating the workers. No mention of the other side of the negotiations?
The US Maritime Alliance isn’t being greedy by refusing to agree to the terms? The union has already come down. The union is playing ball.
Funnily enough, many of the employers in the USMA are foreign owned.
I’m not sure whether you understand whose side you are on
@@Winstonia489this sounds very similar to the UK's 2 year round after round of train strikes. Eventually they have reached a deal after the new left of centre government. But 2 years!
How long has Tom been talking about cash on the sidelines?
Pretty much as long as there has been cash on the sidelines. It's hard to ignore the $6.5T in money markets that is looking for a more permanent home, and the lower rates go and the less interest people collect on those money markets, the more they'll be willing to move it into riskier assets. Hypothetically if all of that were to come into the stock market, the S&P could double due to the multiplier effect of cash to market cap. That's not to mention the $30T+ in home equity that Americans could re-allocate, nor the virtually guaranteed future increases in money supply. If you're not bullish, I think you don't understand how much money is sloshing around.
People have been heavy cash since the start of 2022 but at some point it will end. A lot of people still (probably incorrectly) think a serious recession is imminent.
@@LuKiSCraftit could be you that is wrong
@@4dscdriver could be, but so far the data is on my side
@@4dscdriver the data suggests otherwise lol
Buying VBR, SCHD, JEPQ, XLK, SMH, and focusing on sharing my wealth with others. We have a lot of challenges and opportunities to help people. 👍👍
Cool send it my way
Thank you Alec Mapa for the great investment advice 😍
I want to know what Tom Lee thinks about stock market every week.
How do I say "up" while saying "down"?
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £760k in 2022 under the tutelage of my Fiduciary-counsellor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
Cushy job these people have, making random predictions with no accountability.
Like old people riding a city bus and talking to strangers.
He gets pod by investors for his information. If it’s junk, then lose subscribers.
yet here you are
If his fund doesn’t perform then he’s toast . Pretty sure your job has less accountability.
@@IakonaWayne If I miss one can of garbage I am toast!!!
Thank you for the content!! All we need is the right advice on how to invest in crypto and we will be set for life, I made over thousands of dollars from trading this year regardless of the market conditions😊
This market has already been fully extended, especially after two years bull run, anything from now on can turn this market down!
The Port Strikes will end in a positive negotiation soon. Both parties realize the potential outfall of an elongated strike and do not want that. Plus a 50 - 60% raise over 6 years with Trump being re-elected in 2024 giving tax cuts, no tax on tips and no tax on overtime and SS is a very good deal. Things will resume as normal soon. Ports will go back to business and open again very soon.
"Wishful,. Thinking",.. LOL ! The GREEDY Strikers, will Do what, the Union Boss,.. "Says" ( AND,. He wants to,.. "DESTROY, the Economy", his Quote ! )
Don't Forget, the Election "Mess",. to COME !
Tom Lee is always right. The stock market will boom for infinity.
and beyond!
“buy the invasion” does not apply here when we’re still at aths and in extreme greed territory
LOL listen bozo
Incorrect.
Wish they would get rid of Joe😐The guy can't even put a full sentence together.
I love Joe. I wish we could get rid of you. No one would miss you.
Yes, he can not talk and it's his f-ing job.😒
I actually wondered if he doesn't have some early dementia signs going on. Definitely could use a replacement.
He is in cognitive decline just like Trump
The idea is that communists see capitalism as a means or a weapon which can be used to destroy capitalism.
He also said in September 7-10% drawdown lol 😂
It was only 5% but he still said buy the dip.
Tom is sooooooooo RIGHT! In Tom we trust!
Botlike comments on Tom videos
He said 7-11% seasonal correction would happen before November
I love Joe lol, Communism mixed with capitalism = Bidenomics 😂
selling for now and buying the dip later closer to elections or after elections
God Bless Joe. Fantastic comment at the end and so true.
The man with the plan 👌🚀
Tom’s hair looks incredible today. Mane & Tail?
Tom Lee totally did not express "short term caution" at the end of July when he said IWM would go up 30% in August. He is a flip flopper that is almost never right.
He was bullish when everyone was panicking about a recession.
@@KungPowEnterFist Asian being Asian.
@@GTRrocker84 Tom Lee is always bullish. He will be right on a call eventually, just like the bears will be right on a put eventually.
Some real T.L. Haters out there..... That's their loss. Does he change his perspective? Yup, and he does it because he recognizes when variables manifest the need for it. I find it interesting that all three of the MSNBC crew actually listen to what he says. They know that he almost always can back up what he's talking about with logic and the actual numbers.
When stocks go up Tom Lee is right. When stocks go down Tom Lee is wrong
Tom has been wrong so many times it is hilarious anyone still puts him on TV.
Joe and Tom are great...
Why isnt Joe on Fox instead of here?? Im here for journalistically neutral financial news not this half wits hot take on politics. Please replace him CNBC
Unfortunately, that's probably why he's there. For every one of you and me that turns off the channel because of him there's 5 people that only watch because of him.
They actively want to push anti union messaging.
You heard much about how fewer imports might increase revenue for some US producers?
Have you heard much about how food producers in the US who are used to exporting more will likely decrease prices to sell more domestically, which is good for US consumers?
Of course not. Coverage is meant to demonize labor.
Kernen is such a clown 😂
"War, what is it good for"
Old man needs to retire.
Cap
Big time.
Yeah he’s intolerable
I turn off CNBC when he is on and switch to Bloomberg. I only watched this for Tom Lee.
another excepting, non-judgmental, all inclusive libtard... you people are precious
*In Tom Lee We Trust* 📈🇺🇸
Facts
LOL!!!!
"Buy the invasion". Business as usual Lol
"near term caution". Of course he waffled. They all hedge everything they predict.
Bring Abby Joseph Cohen on the show. She changed my life Financially I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Abby Joseph Cohen Services, for her expertise and exposure to different areas of the market.
5:29min TOM LEE say china have alot more room to go before correction
There are ALWAYS wars. There has not been a single day of peace on earth since the end of WWII. If you don't know that simple fact, then what do you know?
I think Lee's predictions are not so sharp anymore. Probably because of everyone doing what he says and strategy/indicator is not good anymore. $VOO is outperforming by at least 5% against $IWM since Lee's predicted $IWM outperforming broad market.
In Tom Lee we trust!
Fantastic video..The bull market is about to start, hurry up to buy promising coins like Pepennedy or others.
Absolutely. It's an exciting time to be in crypto. Strap in and enjoy the journey.
this is definitely superb! think you could suggest any professional/advisors i can get on the phone with??
Yes grahamconsults
i'm in my fifth trade with him and it has been super.
On telegram?
USA stock are all time high… only Chinese are all time low and China did nice stimulus for business … they will do more…
Communism mixed with capitalism = Bidennomics " sorry Andrew" LOL
We are at all time highs. So obviously every past example Tom uses will support his case. Con man.
joe's rug looks better today.
Joe Kernan sucks so bad.
By nuanced you mean contradictory
Remember he called for $220 Oil during the pandemic, who's he blowin' to keep his Job?
"Buy the invasion" Well, that's about as cynical as one can get.
My outlook on money changed when I realized someone making $300,000 can retire broke & someone making $80,000 can retire a multi-millionaire. Living within your means and living a frugal lifestyle is the first step to financial independence. I just hit the one million mark last year, cheers to everyone striving to get there someday.
Wow! Congrats on that. Is it preferable for me to save money or allocate a significant amount of my salary to stocks in order to accomplish this goal?
Varied sources of income is wise and especially living within your means. My net worth is over $1M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Everyone's financial journey is different, but having a plan always helps. I feel lucky to have learned about managing money early on. Starting work young, buying a home, and getting advice after a setback helped me grow financially. Now, I'm almost at my goal of saving $1 million - just 25% to go! - thanks to good investments and guidance from my fin advsor
This intrigues me. I've looked up financial advisors online, but finding one to connect with is a bit difficult. Do you mind if I ask for your recommendation?
Well, I chose Laura Grace Abels as my advisor after her interview on CNBC In 2020. She is SEC regulated with offices in the US and quite frankly a genius with portfolio diversification. You should look her up
If you are following any man but have not read The Intelligent Investor, my friend you are speculating.
Waiting for a stock market crash to buy the dip and run the next bull market with Tom Lee
My friend waited for the dip and he’s lost out on 28% gains. Stop trying to time the market
I will not watch CNBC videos with fascist Kernan in them. Fire him.
"Congrats" Tommy. inflation will be back soon and even higher. Fed will raise interest again next year, maybe to 10%.exactly like what happened in the 70s. Don't know if you were born. But hope you know the history repeats itself, Tommy boy.😂🤣😁
Tom the BEST
Pls give him some pocket money to go saloon....
In January he said most of the gains would be in the second half of the year. Immediately after, the market went on a two month face ripping rally. He said small caps would rise 50% before the end of the year and have done nothing so far. He seems to just get paid to come on tv and make random speculations with no accountability.
Were not at the end of the year. We have elections coming up and more rate cuts.
He’s an equity strategist who specializes in small/mid caps, you’re talking out of your ass
We still have three more months to go... he's usually right on. Stocks usually go up after the election into the new year.
“Kidding Andrew…kidding.” 😂😂😂
Joe Kernan maybe overdoes it with the pro-Trump thing, but that last comment "Bidenomics," was legit funny.
Tom Lee is great 👍🏾. Joe is his usual stupid self.
way wrong on Russell !
Tyler, less lecture please. Start asking shorter questions.
Did he say ‘buy the invasion’?😮😮
Yeah, but he meant "buy the killings"
Why would I buy US stocks with so little upside when I can make 15-40% a day in HK stock mkt. and they breaking turnover records every day. For me anyway.
Maga Joe has got to go
Tom Lee 🐂 📈
Tom must have a lot of Chinese fund money. He looked nervous talking about China. Then again, the doers are trying to get their monies out of China as fast as possible.
Wtf are you taking about. Did try not see Tepper last week
Bull ends
always the opposite what he says
IN TOM LEE WE TRUST
Tom Lee "there's fire power" no puns intended 😂😂
I would like to have lunch with Tom Lee.
would be nice if the S&P would go back and fill the gap at 5344🐂
bullish as ever still!!
What about 3000 for the Russell and 150,000 for bitcoin at year end or is he hoping we've forgotten about those predictions? Like all the others he's no guru just another talking-head.
the strikers count on the jobs rigged report.
Bidenomics lol
yep, go buy all small caps and go broke!
rate are going down, small cap with high debt gonna pump no doubt, you so stupid
Tommy the Bull
Go Joe!
They all need coffee and would prefer to hear more from the female host and from the guest.
his hair looks bullish
Tom Lee should always be on !
Not quite as bullish
Let's goooo
It doesn't get any more partisan than Joe. Can we get someone a little less biased, please?
I don't like when Tom wears a suit. I prefer when he wears polos like on the Counpound and friends.
S&P 500 will cross 6500 $