Tom Lee

The S&P 500 will be flat or down in the first half of 2022.

“I think it's easily flat or down in the first half.”

Said on

21 December 2021 · Telephone interview with CNBC on the release of Fundstrat's 2022 outlook

Source

Tom Lee, the strategist who has correctly guided through the pandemic, sees more gains next year · CNBC

Should come true

Jun 2022

How sure they sounded

I think it's easily

Categories

Markets

Importance

2 of 5 · A half-year call on the US stock market; it matters mainly to equity investors.

Outcome

Accurate Happened 30 June 2022.

The S&P 500 fell about 20.6% in the first half of 2022, its worst first half since 1970, so it was clearly "flat or down" as he forecast.

Evidence:

• https://www.cnbc.com/2022/06/30/the-markets-worst-first-half-in-50-years-has-all-come-down-to-one-thing.html
• https://www.cnbc.com/2022/07/01/sp-500-had-worst-half-in-50-years-but-the-60/40-portfolio-isnt-dead.html