Jan
08
Wall Street’s Most Outspoken Stock Bull Reverses, Now Top Bear
By-
Thomas Lee of Fundstrat sees S&P 500 finishing 2017 at 2,275
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Cites policy risk, flatter yield curve as first-half headwinds
Thomas Lee
Photographer: Chris Goodney/Bloomberg
Wall Street’s most vocal champion on U.S. stocks over the past two years is now its biggest bear.
Thomas Lee, managing partner and co-founder of Fundstrat Global Advisors in New York, published a note today saying the S&P 500 Index will finish the year at 2,275, about 3 percent lower than the median of 18 strategists surveyed by Bloomberg. His caution stems from policy risk and a yield curve adjustment he sees translating into an S&P 500 decline to 2,150 by mid-year before the index rebounds…
Wall Street’s Most Outspoken Stock Bull Reverses, Now Top Bear
