Wall Street’s Lead Bull Sees Fed Paving Way to Record in S&P 500
- Fundstrat’s Lee says Fed, BoJ decisions bring market clarity
- Earnings growth and energy recovery also supporting equities
Thomas Lee, co-founder of Fundstrat Global Advisors LLC.
Photographer: Chris Goodney/BloombergThis article is for subscribers only.
To the biggest bull on Wall Street, the Federal Reserve’s decision to hold interest rates steady is one more reason that U.S. stocks are on their way to record highs.
“This really helps,” said Thomas Lee, managing partner and co-founder of Fundstrat Global Advisors in New York. His estimate for the S&P 500 Index to climb to 2,325 by year-end is the most bullish among 19 strategists surveyed by Bloomberg.