Fundstrat's Tom Lee Predicts Small Caps Could Surge 50% in 2023 Despite S&P 500 Skeptics
-
Tom Lee of Fundstrat predicted the S&P 500 would surge nearly 25% in 2023 when others were bearish. His prediction has largely come true so far.
-
With the recent stock rally, some worry there are no more gains left in 2023, but Lee disagrees.
-
Lee recommends small-cap stocks, saying the Russell 2000 could surge 50% in the next 12 months.
-
Small-caps benefit most from fading inflation and expected interest rate cuts in 2024.
-
Small-caps look cheap compared to history, trading at 1999 price-to-book ratios relative to the S&P 500.