Gains in the first week of 2023 suggest stocks could see at least 20% upside through this year, Fundstrat says

Jan 9 2023 by Business Insider

 

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A positive stock market gain of 1.4% in the first week of 2023 suggests a strong year ahead, according to Fundstrat's Tom Lee.An analysis by Fundstrat found that the stock market saw a median gain of about 20% for the year when the first week was positive."This is so counter to consensus," Lee said, as most Wall Street strategists expect a steep sell-off in the first half of 2023. 

The stock market is poised for big gains in 2023 after the first four days of the year...

Continue Reading Gains in the first week of 2023 suggest stocks could see at least 20% upside through this year, Fundstrat says