Fundstrat's Tom Lee highlights the biggest risk to his bullish 2023 stock market outlook of more than 20% gains

Dec 30 2022 by Business Insider

 
Tom Lee.

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Fundstrat's Tom Lee expects the S&P 500 to soar more than 20% in 2023 to 4,750 as inflation cools off.But he highlighted a big risk to his forecast on Friday that centers around sticky wages and a hawkish Federal Reserve."If [wages] begin to accelerate it means the Fed has a lot more wood to chop and that raises the risk," Lee said.

Fundstrat's Tom Lee is the biggest bull on Wall Street, as his 2023 S&P 500 price target of 4,750 exceeds Wall Street's median...

Continue Reading Fundstrat's Tom Lee highlights the biggest risk to his bullish 2023 stock market outlook of more than 20% gains