Stocks to buy before earnings.Caspar Benson/Getty Images
The stock market is up nearly 20% so far this year, officially ending last year’s bear market.
Few on Wall Street expected the surge — except Fundstrat’s Tom Lee, Carson Group’s Ryan Detrick, and market veteran Ed Yardeni.
Here’s what the three strategists expect the stock market to do in the second half of the year.
The stock market’s year-to-date rally of nearly 20% surprised just about everyone on Wall Street — except Fundstrat’s Tom Lee, Carson Group’s Ryan Detrick, and market veteran Ed Yardeni.
All three strategists saw something most others did not, mainly that easing inflation and the avoidance of a recession would help power stocks out of the 2022 bear market and towards new 52-week highs.
Wall Street is starting to catch on, with many strategists raising their year-end S&P 500 price targets. So far this year, a dozen have boosted their price targets, but they’re still too low, according to data compiled by…
2023-07-22 15:15:01
Link from finance.yahoo.com