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

Tom Lee, the co-founder of Fundstrat Global Advisors, who predicted the S&P 500 would jump more than 20% this year, says that instead of a recession, the economy is slipping into an expansion. Lee points to falling commodity prices, healing supply chains, and the 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 that if the Fed is satisfied with inflation levels, the market's rally will continue.