“In the United States, our greatest single source of wealth is the minds and talent of our young people. Not to use it is stupid - to waste it is a crime." ~ Isaac Stern
Good evening,
When Tom Lee said a year ago that the S&P would end 2023 at 4750, many were inclined to dismiss the prediction as the view of a permabull who had contrarianed himself into a corner. Consensus was expecting a hard landing and inflation fighting lasting a decade, which did not exactly lend itself...