'It's been a far deeper correction than we expected, but I don't think the contours of the rest of the year change that much.' Lee maintains a favorable view on many beaten-up 'FANG' names, with Apple in five of the firm's six tactical portfolios and Google parent Alphabet and Microsoft both in four. 'Our base case for the first half of this year was that stock would be treacherous, but it's been far worse than we expected,' Lee said. To be sure, heading into 2022, Lee remained overly optimistic about the market and admitted during an interview with CNBC's 'Halftime Report' in March that he had been too bullish. He told CNBC in April 2020 that the 'faster you fall, the faster you recover,' adding that the market typically recovers half of its losses in half the time it took to drop. Lee was among the first Wall Street strategists to initially call the pandemic comeback. At the same, global companies continue to post solid earnings per share growth despite a surging U.S. 1 Early life and education Lee was born in Westland, MI, the third child of four siblings of Korean immigrant parents. The benchmark hit an intraday record of 4,818.62 in early January. Thomas Jong Lee, commonly known as Tom Lee is an American entrepreneur, financial analyst, strategist, investor, businessman, and full-time contributor on CNBC 's Fast Money, Tech Check, Halftime Report, and Closing Bell shows. Given these comparisons, Lee said stocks could hit new highs by the end of the year, with the S & P 500 breaking back above 4,800. Lee believes similarities exist between now and 1982, when equities bottomed that August - just two months before then Federal Reserve Chairman Paul Volcker ditched his 'anti-inflation' agenda, and the market recovered from a 36-month bear run in just four months.

'This is the August 1982 moment, bottom is in but Fed is two months away from a pivot,' Lee wrote. Markets got a wave of troubling economic data from a negative GDP print and another aggressive 75 basis point rate hike, yet stocks continued to rally. 'Retail investors were liquidating stocks at. He is a Managing Partner and the Head of Research at Fundstrat, a Market Sector and. Brendan McDermid/Reuters Retail investors could power the stock market higher this year after they 'rage sold' stocks in 2022, according to Fundstrat. Tom Lee received notoriety during the Bitcoin Bull of 2017 for brilliantly predicting every single price movement incorrectly. According to Lee, the reaction to this week's news is promising. Infamous CNBC permabull and analyst Tom Lee is now in protective custody after yet another failed Bitcoin price prediction. The firm's head of research said in a note to clients that recent events signal that the 'bottom is in' and that stocks could hit new highs by the end of the year. The volatile bear market that's rocked stocks for the last few months is over, according to Fundstrat Global Advisors' Tom Lee. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit

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