Tom Lee

The S&P 500 will end 2022 above its March 9, 2022 close of about 4,278.

“Do I think stocks will end higher from here on an absolute basis? Yes.”

Said on

10 March 2022 · Interview on CNBC's "TechCheck"; in the same answer he said the index could exit the year at 5,100 or higher

Source

Fundstrat's Tom Lee sees stocks shaking off rough start and rallying nearly 20% by the end of 2022 · CNBC

Should come true

2022

How sure they sounded

Do I think ... Yes

Categories

Markets

Importance

2 of 5 · A year-end call on the US stock market; it matters mainly to equity investors.

Outcome

Inaccurate

The S&P 500 closed 2022 at 3,839.50, well below the roughly 4,278 close on March 9, 2022 when he said stocks would end the year higher. 2022 was Wall Street's worst year since 2008.

Evidence:

• https://www.cnbc.com/2022/12/29/stock-market-futures-open-to-close-news.html