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Stock market in December: Financial expert Tom Lee predicts a zigzag course and record highs
According to a report from www.finanzen.ch, investors and financial experts are expecting a volatile phase on the stock markets in December. Tom Lee, an expert at Fundstrat, predicts that the S&P 500 will rise to 4,800 points. However, despite this positive assessment, Lee warns of possible downside volatility that could come from new jobs and consumer inflation data. The main drivers in December are likely to be the Fed's FOMC meeting and press conference on December 13, where Fed Chairman Jerome Powell is expected to leave interest rates unchanged. According to Lee, economic news could cause movement in the market. In particular, the price data for private consumer spending for October will...
Stock market in December: Financial expert Tom Lee predicts a zigzag course and record highs
According to a report by www.finanzen.ch,
Investors and financial experts are expecting a volatile phase on the stock markets in December. Tom Lee, an expert at Fundstrat, predicts that the S&P 500 will rise to 4,800 points. However, despite this positive assessment, Lee warns of possible downside volatility that could come from new jobs and consumer inflation data. The main drivers in December are likely to be the Fed's FOMC meeting and press conference on December 13, where Fed Chairman Jerome Powell is expected to leave interest rates unchanged.
According to Lee, economic news could cause movement in the market. In particular, consumer spending price data for October is expected, and Lee warns that positive data could lead to a rise in bond yields and a fall in stock prices. This scenario could unsettle investors and lead to further volatility. In addition, the Fed's FOMC meeting and press conference on December 13th is expected to have further effects on the market.
Despite the expected period of volatility, Lee emphasizes that any losses on the stock markets are likely to be temporary. He recommends investors buy on a decline and expects current data to continue to support the prospect of a soft landing for the economy. Overall, he sees positives in the solid Black Friday sales, which reflect consumer resilience.
Interest rate markets remain “hyper-reactive” to various factors, particularly “falling goods and housing inflation” compared to resilient labor markets, according to Lee. Despite the volatile period, Lee gives investors hope that the end of the year could bring positive developments for the stock market.
Overall, Fundstrat's Tom Lee's predictions are of great interest and could have a significant impact on the financial industry. Investors should keep an eye on these developments and adapt their investment strategies accordingly.
Read the source article at www.finanzen.ch