Why Tom Lee Thinks We Could See S&P 15,000 by 2030
Odd Lots
00:00
Identifying Bear Signals in the Market. Don’t think market is over exuberant
The speaker believes that a PE ratio of 100 for a mega cap stock is questionable and could signal disconnect from fundamental reality. They also emphasize the importance of sentiment in the market, stating that when everyone is bullish, it may indicate that the best-case scenarios are already priced in. The speaker notes that many clients are skeptics rather than bullishly optimistic. Additionally, the speaker mentions that the reaction to the first Fed rate cut will be telling, as some anticipate a market fall while the speaker believes that the market could rally in response.
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