Wall Street's Top Bull Predicts Economic Expansion Despite Recession Fears.

Tom Lee, the co-founder of Fundstrat Global Advisors, who accurately predicted the S&P 500's rally this year, says that the US economy is slipping into an expansion instead of a recession. Lee points to falling commodity prices, healing supply chains, and a strong labor market as evidence that the economy and corporate America may be in better health than many imagine. He believes that conditions are ripe for profits to outperform, and if the economy continues to expand, many other names will participate. The only thing that could quash the market's rally this year is an aggressive Federal Reserve, which Lee doesn't see happening.