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A bullish trifecta of stock market indicators is flashing, and it suggests a 20% rally is on the horizon, Fundstrat's Tom Lee says
12 days ago - By Business Insider
Photo by Spencer Platt/Getty Images
There are three stock market indicators that are flashing a bullish signal, according to Fundstrat's Tom Lee.
Lee pointed to the uptick in market breadth, a measure of winning stocks, in three separate gauges of the S&P 500.
When those indicators flash simultaneously, it's a reliable sign of a future rally, and stocks could gain 20% this year, he said.
A bullish trifecta of stock market indicators are flashing, and it's a reliable signal that a 20% rally in stocks could be on the horizon, according to Fundstrat's head of research Tom Lee. Lee pointed to...
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