Posted 12/15/2023, 4:54:00 PM
Fundstrat's Lee Warns of Risks From Hard Landing or Sharp Rally for Stocks in 2024
- Fundstrat's Tom Lee highlighted two big risks for the stock market in 2024 a hard economic landing and a parabolic melt-up in stocks
- A hard landing could happen if China and Europe don't rebound from economic stagnation
- A parabolic melt-up could pull forward stock gains, leading to weakness in early 2024
- The S&P 500 has surged 14% since October 27 and is nearing 5,000
- Sharp short-term stock gains could lead to a consolidation period before more gains