History says there are very strong odds the stock market gains 20% this year after taking a beating in 2022, Fundstrat says

Jan 6 2023 by Business Insider

 

Drew Angerer/Getty Images

The market bloodbath of 2022 signals positive returns for stocks this year, according to Fundstrat's Tom Lee. He noted that stocks were flat only 11% of the time after a negative year, whereas the market saw strong gains 53% of the time. Lee previously estimated the S&P 500 would gain 24% this year, retesting an all-time high of 4,800.

History shows there are strong odds the stock market will gain 20% this year after taking a beating in 2022, according to Fundstrat's...

Continue Reading History says there are very strong odds the stock market gains 20% this year after taking a beating in 2022, Fundstrat says