While most coins were down over the weekend, new meme coin $PEPE rose as much as 400%.
Created just two weeks ago, $PEPE has rapidly soared into the market's top 100 largest tokens, with a market cap of ~$448 million.
The meme coin is based on the Pepe the Frog internet meme,โฆ
On 3/17, a pundit said "I don't know what these guys at
@fundstrat
drink"
Watch this =>
$SPX on 3/17/23 : 3,916
$SPX on 3/31/23 : 4,072
I say "make it a double"
We are raising our year-end target for S&P 500 to 4,825, from 4,750.
The prior all-time high for S&P 500 was 4,821, so we are expecting equity markets to exceed those highs.
- This is an aggressive view, we realize.
Access
@fundstrat
's roadmap to 4,825 in today's report ๐
Join us this THURSDAY for an exclusive Blockchain Network Update & Zilliqa Capital Overview with David Grider, Michael Conn, and Amrit Kumar!
@maqstik
@David_Grid
@zilliqa
RESERVE YOUR SEAT ๐
July CPI should be a positive surprise, with core CPI well below Street consensus of +0.22% MoM. This should reverse the path of higher rates.
Read more of
@Fundstrat
's First Word at FS Insight!
"Twelve months ago, Tom Lee bet that 2023 was going to turn out just fine.
While many of his peers on Wall Street were sounding the alarm over an impending economic downturn, Mr. Lee, a stock market strategist who spent more than a decade running J.P. Morganโs equity researchโฆ
Which stocks are positioned to outperform in 2024?
Stop guessing & start getting technical strategy insights from industry-leading technician
@MarkNewtonCMT
.
Not a member? Start your 30-day ๐ trial and join us for Mark's 2024 outlook webinar and live Q&A!
CLICK BELOW ๐
5 reasons we are buying this "inflation-fear" 2-day dip. Wed could be the turning date higher.๐๐
To us, the selling over the last 2 days is setting up to be another โbuy the dipโ moment. In fact, this turnaround is likely to start today (4/2).
Get the FIRST WORD from Tom Leeโฆ
Consensus is calling for an August correction of as much as 5%, and now makes us question whether the opposite could happen ๐ค
Access today's Macro Minute from
@fundstrat
Tom Lee ๐
Notice the
@WhiteHouse
is not warning of a โbadโ
#CPI
print?
- they did this prior to May and June reports
Hmmmmโฆ I take this as a mild positive ๐
Get the โfirst wordโ at
@fs_insight
The S&P 500 has been above its 200 week moving average for 25 weeks now, hitting this level on 10/12/22 and has since moved higher. In the 12 prior instances:
โ๏ธ S&P 500 higher in 12 of 12 instances
โ๏ธ For all periods, 1M, 3M, 6M and 12M
โ๏ธ Doesn't this sound like a bull market?
Join us TODAY at 3pm ET for a live webinar and Q&A with
@InputOutputHK
CEO
@IOHK_Charles
!
Access exclusive insights on the recent
@Cardano
technical and ecosystem upgrades.
Omicron is eradicating a more dangerous variant. After a +27% year, history implies S&P 500 2022 5,400-5,600 = our base case is conservative
Get the First Word from
@fundstrat
at FSInsight!
Per the rule of โfirst 5 days,โ since 1950, when prior year is โnegativeโ and first 5 days >1.4% (n=7), equities average +26% gain and higher 7 of 7 times.
@fundstrat
One of my favorite cycles bottoms on March 15th, which lined up directly with October 13th 2022 lows. Iโm pretty confident markets will not extend any selloff past 3/15 , so technically it looks right to expect some support, and for equities to rally.
@MarkNewtonCMT
2024: Potential Incremental Drivers
1) Inflation tracks sub -3% โclose enoughโ for Fed
2) Financial conditions ease as Fed cuts priced in
3) 30-year mortgage drops to 6% or less
- Tom Lee
@MoneyShow
in Sarasota, FL โ๏ธ
Access
@fundstrat
โs 2024 market outlook webinar thisโฆ
START OF BULL: Two consecutive quarters of gains
The bear narrative has another problem. As shown below, in each of the 3 major precedent bear markets since 1980, the end was validated by two consecutive quarterly gains.
- 4Q22 and 1Q23 are positive
@fundstrat
๐จINTRADAY ALERT: Equities over-reacting to "hot" Jan CPI. The 1Q24 top will be when "stocks sell off on good news"-- so today is not likely the top.๐๐
"This is probably the biggest CES since the 90's, because of AI."
@DivesTech
Access the full fireside chat with
@fundstrat
and Dan Ives, only at FS Insight. ๐
Earnings in MSFT and GOOGL might hold the key ๐๐
Furthermore, earnings from MSFT and GOOGL might set the tone for the start of an advance back to SPX-5200 and ultimately 5400.
Get daily technical strategy reports & videos from
@MarkNewtonCMT
, only at FS Insight. ๐๐ป๐กโฆ
The recent drawdown in US Equities since February looks nearly complete, and I expect the area at 3900-3930 to contain this decline into end of week before a March rally gets underway.
@MarkNewtonCMT
5 signs the painful "de-leveraging" process might be nearing an end. ๐๐
De-leveraging likely accelerated recently as the speed of stock declines accelerated today.
Get the FIRST WORD from
@fundstrat
's Tom Lee only at FS Insight! ๐๐ป๐ฅ
"Negative real rate environment, assets like real estate and equities do extraordinarily well. So I think this is a time when stocks may outperform people's expectations for quite a long time."
@fundstrat
@HalftimeReport
Join us TOMORROW for an exclusive Blockchain Network Update & Zilliqa Capital Overview with David Grider, Michael Conn, and Amrit Kumar!
@maqstik
@David_Grid
@zilliqa
@onejouroulautre
RESERVE YOUR SEAT ๐
Looking for tactical industry calls, actionable stock lists, and daily video updates from
@fundstrat
&
@MarkNewtonCMT
?
Check out the ALL-NEW FS Insight using the link below, or download the mobile app for
@Apple
&
@GooglePlay
! โญ๏ธ๐ฒ
Tom Lee
@fundstrat
explained in yesterday's First Word why the yield curve inverting is an important signal and why many investors may misinterpret this signal.
What is an inverted yield curve and why is it a big deal?
Check out this complimentary guide!๐
Our Head of Technical Strategy
@MarkNewtonCMT
took a deep dive into
#Bitcoin
and other top cryptos, providing a bullish outlook into year-end:
"Crypto-winter looks to be over. A bullish 2024 looks very likely technically following a 1Q consolidation"
Four Key Takeaways๐
The consensus pundits and media argue the Fed will be โhawkishโ pushing back on the rise in stock prices, meaning they expect Powell to crush the equity rally YTD of >6%. But we think the market has shifted to a different game altogether.
@Fundstrat
โI think small-caps could make a bigger move... 50% or 60%... Russell 2000 could end above 3000,โ says
@fundstrat
's Tom Lee. โSmall-caps relative to S&P on a price-to-book basis back to where they were in โ99. That was a launch point for 12 years of gains.โ
"Markets rallying after hot CPI print is a good sign", says
@fundstrat
's Tom Lee ๐ฅ๐
Tom Lee joins
@CNBC
@SquawkStreet
to discuss the current market environment, any tactically treacherous market territory, and more.๐๐๐ป
How Many Cuts for S&P 500 Rise of 10%?๐ค
Tom Lee on CNBC Closing Bell with Scott Wapner on January 5, 2024
Get daily market update videos, institutional-grade research, and stock lists from Tom Lee, only at FS Insight.๐๐ฅ
โฐDon't miss
@fundstrat
's Tom Lee on
@SquawkCNBC
TODAY at 6:10am ET! ๐
Get daily market update videos, institutional-grade research, and stock lists from Tom Lee, only at FS Insight!๐ฅ๐๐ป
Tom Lee on CNBC Fast Money, TODAY at 5PM(ET)!
@fundstrat
@CNBCFastMoney
Get the FIRST WORD delivered to your inbox at FSInsight!
START YOUR FREE TRIAL:
AAPL selloff looks complete. Expecting sharp rally back higher๐๐
Thus, the fact that AAPLโs minor consolidation failed to shake its intermediate-term trend, coupled with the other positives listed above, makes this quite appealing at current levels following its recentโฆ
Rule of 1st 5D: Rarely a straight line....
We need to respect seasonals as well & as shown below, we think 2/16-3/7 remains a period where markets could stall. Below is a composite of the 7 precedent years where markets gained >1.4% on the โrule of 1st 5 daysโ
@fundstrat
March CPI creates max pain moment. Why is CPI โhotโ but U Mich shows falling inflationย expectations?๐ค
Don't miss
@fundstrat
's Tom Lee on
@LastCallCNBC
with
@SullyCNBC
TONIGHT at 7pm ET! ๐คฉ๐จ
Get daily market update videos, institutional-grade research, and stock lists fromโฆ
We believe bears remain trapped and April is going to be a generally strong month (based upon โrule of 1st 5 daysโ). Month to date, April is flat, but March was similarly back-ended.
@fundstrat
Is the Market Broadening?๐๐
@fundstrat
' s Tom Lee joins
@SquawkCNBC
to discuss the latest market trends, potential troubles facing the tech sector, the latest bitcoin rally, and more.๐ฅ๐๐ป
*Recorded on March 7, 2024
How it started, how its going.....
Start 2022 with evidence-based research, stock lists, and daily insights from
@fundstrat
& our industry-leading research team, join
#FSInsight
! ๐
CPI might prove to be the catalyst for Equities to break out to new highs๐๐
This weekโs CPI report might serve as a catalyst for helping SPX break back higher out of its recent range and for now the recent sector rotation is seen as being a bigger positive for indices than theโฆ
The main event for this week, and arguably the main event for this month is the June CPI report.
We even issued a โtactical Buy callโ (100 points on S&P 500 by Friday this week) as we expect a material downside read on Core CPI of 0.25% or better MoM, compared to Consensus ofโฆ
Equity markets staged a relatively abrupt reversal Thursday. After opening strong, stocks weakened steadily throughout the day, while USD rallied 1% and yields similarly rose sharply and the VIX surged 10% to 14.5.
So, Thursdayโs reversal needs to be respected, but at the sameโฆ
Investors should brace for markets to hit an 'air pocket' after recent rally, says Fundstrat's Tom Lee on CNBC Last Call๐
Access
@fundstrat
Tom Lee's institutional-grade research, stock lists, and market alerts, only at FS Insight.๐ฅ๐๐ป
"Earnings season โmore robustโ than investors predicted" -
@MarkNewtonCMT
๐๐
Mark Newton joins
@FoxBusiness
@MorningsMaria
to discuss earning season and share his economic outlook. ๐๐ป๐ฅ
$TSLA: Tom Lee's Top Sleeper Granny๐
Receive daily Macro Minute videos from Tom Lee, outlining the day's market action and opportunities, only at FS Insight.
Start your 30-day๐FREE trial and access now!
S&P 500: Earnings Analysis๐ค
''It has been a good earnings season with 78% beating by a median of 7%.โAnd the bottoms up EPS figure has risen 3% to $55.20."-
@fundstrat
's Tom Lee.
Receive daily Macro Minute videos from Tom Lee, outlining the day's market action andโฆ
Jan 2023:
"
@fundstrat
's Tom Lee expects a 20 percent rally this year"
Nov 2023:
S&P โฌ๏ธ 19.23% YTD
Get ahead of consensus, get FS Insight! Save up to 30% now during our only sale of the year (link in bio)!
โฐSet your alarm! Don't miss
@fundstrat
's Tom Lee on
@SquawkCNBC
TOMORROW at 7am ET!
Get daily market update videos, institutional-grade research, and stock lists from Tom Lee, only at FS Insight!๐๐ฅ
Great idea
@Hedgeye
, thank you.
In Jan 2023,
@fundstrat
stated in his outlook to our
@fs_insight
members ๐
-
#FAANG
up +50%
- S&P 500 up 20% (by year-end)
And today, June 2023:
-
#FAANG
up 53.4%
- S&P 500 up 11.4% (halfway through the year)
The SEC has officially failed to appeal the Grayscale lawsuit ruling, giving the court seven calendar days (from last Friday) to issue its final mandate, which could potentially include directing the SEC to approve the conversion of $GBTC into a
#Bitcoin
spot ETF.
This Friday is a pivotal moment in the SEC's case against
@Grayscale
, with the SEC reaching the end of its 45-day window to appeal the Court's verdict.
Here's why this could be key turning point in eventually approving the spot $BTC ETF๐๐งต
Don't miss
@fundstrat
on
@SquawkStreet
TODAY at 10:30am ET! ๐ฅ๐๐ป
Get daily market update videos, institutional-grade research, and stock lists from Tom Lee, only at FS Insight!๐ฏโ๏ธ
ICYMI: Fireside Chat with
@fundstrat
Tom Lee &
@DivesTech
discussing AI, cybersecurity, and top stocks positioned to outperform. ๐ฅ
WATCH THE REPLAY! ๐
We asked YOU, our FSInsight Community, what you wanted to know and TOM LEE answered with insightful feedback!๐ก
"What professional experience taught you the most about investing?"
Check out the full vid๐
Would you like to hear from Tom Lee on the daily? ๐ข๐
Receive daily videos ๐ฅfrom
@fundstrat
, real-time market insights๐ฒ, stock lists, and MORE... only at FS Insight.
Start your 30-day ๐ trial today! ๐
5 reasons we expect stocks to rally post-FOMC (Wed 2pm ET). Technicals positive and hence, still "gas in the tank"โฝ๏ธ๐
The S&P 500 has been soft into the March FOMC rate decision, set to be released at 2pm ET today (3/20).
Get the FIRST WORD from
@fundstrat
's Tom Lee only atโฆ
Exiting Feb, S&P 500 +7% YTD. Next key decision point is Feb CPI on March 12. Beware of "residual seasonality" ๐
Get the FIRST WORD from
@fundstrat
's Tom Lee only at FS Insight!๐๐ป๐ฅ
Early spring will be the market's, equity 'sweet spot'๐ก
Fundstrat's
@MarkNewtonCMT
joins Fox Business Mornings with
@MariaBartiromo
on February 1, 2024.
Get daily technical strategy reports & videos from Mark Newton, only at FS Insight.๐ฅ๐
3 empirical reasons small-caps set to outperform in 2024 by as much as 50%. R2K EPS growth +690bp faster but trades at a 41% P/E discount. Feb Core PCE (Fri) likely below consensus = good๐๐๐ป
From 1999 to 2011, small-caps outperformed by 650bp annually and a cumulative 113%โฆ
Don't miss
@fundstrat
's Tom Lee on
@LastCallCNBC
with
@SullyCNBC
TODAY at 7pm ET! ๐๐จ
Get daily market update videos, institutional-grade research, and stock lists from Tom Lee, only at FS Insight! ๐๐ป๐ฅ