Tom Lee on CNBC: "There is excessive pessimism"
His take:
• Q3 earnings growth tracking near 30%
• Forward EPS revisions up 20% — stocks actually got cheaper this year, not more expensive
• Tech and crypto strength = easing inflation + looser conditions coming
Say what you want about him being a permabull, but he's called the S&P way better than the doom crowd. His $ETH targets sound insane, but hey, if it hits I'm buying a villa 😂
His take:
• Q3 earnings growth tracking near 30%
• Forward EPS revisions up 20% — stocks actually got cheaper this year, not more expensive
• Tech and crypto strength = easing inflation + looser conditions coming
Say what you want about him being a permabull, but he's called the S&P way better than the doom crowd. His $ETH targets sound insane, but hey, if it hits I'm buying a villa 😂