So many “articles” recently about how the market “will soar”. Institutions looking for exit liquidity?

Last time when institutions wanted to buy cheap, the “articles” were all about how the market was about to crash (it soared instead). These market participants all have their own agenda, part of which is to transfer liquidity from retail’s pockets to their own pockets.

The stock market could soar as much as 30% next year as expectations grow for the Fed to slash rates and inflation to drop ‘like a rock’

According to Fundstrat’s Tom Lee, the S&P 500 stands a chance of soaring as much as 30% next year, with the expectation that inflation will continue to drop and the Fed will finally slash interest rates.

Lee, who has made a name as one of the most consistently bullish strategists on Wall Street, predicted the S&P 500 would surge to 5,200 by the end of 2024, implying a 9% increase from the benchmark index’s current levels.

Lee’s predictions are primarily based on the Fed’s expected rate cuts and inflation dropping “like a rock”, as he has previously predicted. These factors should give stocks the runway to soar in 2024.

“Consumers will realize that the rate of price increases is slowing,” Lee said in an interview with CNBC last week, adding that inflation falling to 2% would be a “very visible” possibility next year.

January Effect Rally, Blow Off Top Then Volmaggedon Redux Coming Soon?

h/t Quixotus