Wealth Consulting Group CEO Jimmy Lee assesses the strong Q2 earnings season, with 10 of 11 sectors expecting over 20% year-over-year growth. He predicts a ‘classic bull market,’ eyeing an S&P 500 target of 8500.
Wealth Consulting Group CEO Jimmy Lee is optimistic about the current earnings period, with 10 of 11 sectors expected to grow earnings over 20% year-over-year. Lee believes we are in a “classic bull market” fueled by strong earnings, potentially hitting an S&P 500 target of 8500 by year-end. This positive outlook is further bolstered by inflation falling “like a rock.”
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