4min chapter

The Compound and Friends cover image

A Very Tom Lee Christmas | What Are Your Thoughts?

The Compound and Friends

CHAPTER

How Much Will the S&P Be Worth in 2023?

The American public is finished with stocks. There's not even anyone left to sell anything because people aren't even paying attention. The level of inflation is far lower and companies have done a great job of navigating through this. I think if someone said inflation was going to hit 8% this year, what would S&P earnings do? A lot of people should be getting crushed by that mismatch. If the dollar wasn't up 20%, remember that 20% rise in the dollar probably took out 8%.

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