Tom Lee of FundStrat explains what he sees in 2024. He is optimistic about 2024 but then again, he has been positive for a long time. Inflation down and higher demand equals Price Earnings Expansion.
Many of us are expecting a recession and usually, the biggest part of the market fall happens during the recession. If the recession doesn’t come, and there isn’t a -20% opportunity, people feel reluctant to invest. That “clear” -20% fall also makes many apprehensive about investing. This may explain the tough asset-gathering environment of 2023 as cash looks such a better alternative....I am finally off work for the hectic 2023, so I will probably have more time to write about things.
And probably more time to do a couple of video podcasts.
Firstly, it is time to catch up with the state of the market going into 2024, where we are at, and what we can expect.
