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A Powerful Statement from Tom Lee

US, Japan and Korean Stock Markets Could Surge

As we noted in our report last week, the trifecta of regions driving the cyclical recovery in 2020 are: US, China and Japan (fiscal).  This is >50% of global GDP and arguably only China and US remain the two only real drivers of global GDP.  Hence, we believe the recent upside breakout in S&P 500 portends strong market gains in next 24 months.  While this  may sound perplexing, we believe 2019 was the start of a new global equity bull market.

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