/biz/ - Business & Finance

are you bullish or bearish

Tom Lee explains why he sees new stock-market records by year-end

> Expect a massive hit to corporate earnings this year accompanied by all-time highs in the stock market, Fundstrat's Tom Lee said on Tuesday.
> Lee said he thinks that despite the likelihood that companies will report negative earnings in the second quarter, the S&P 500 could trade at 3,450 by year-end, driven by stimulus policies and a sharp rebound in corporate earnings.
> "The middle months of 2020 are going to be bad and 2Q 2020 should be a loss ... but this does not mean stocks should go down," Lee said.