Ahead of the Federal Reserve’s interest rate decision, Tom Lee, head of research at Fundstrat Global Advisors, remains bullish on the stock market’s prospects for 2023 and 2024. Lee believes the Fed will pause rate hikes by mid-year, leading to a potential rally in equities. He cites several factors supporting his optimism, including resilient corporate earnings, a potential peak in inflation, and the market’s tendency to rebound after significant sell-offs. However, Lee acknowledges risks such as a potential recession and the Fed’s commitment to fighting inflation. Despite these challenges, he maintains his year-end S&P 500 target of 4,800, representing a 20% upside from current levels. Lee’s outlook highlights the market’s anticipation of a Fed pivot and the potential for a sustained rally, albeit with caution regarding economic uncertainties.