The Bleak Outlook for Bears: 2023 and Beyond.
TL;DR Summary
Despite a quarter filled with bank failures and geopolitical tensions, the S&P 500 is up 5.5% and the Nasdaq Composite has surged 14.8%. Tom Lee, head of research at Fundstrat, believes that bears are now trapped and gives five reasons why stock market gains will continue in April, including a banking blowup that is more of a "clean up in aisle 7" than a full-blown crisis, traders perceiving monetary policy issues as more supportive, and technical analysis showing two successive positive quarters, which validates the start of a new bull market.
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