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Top strategist Lee: New market highs by summer

Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters
Traders work on the floor of the New York Stock Exchange.

While many investors remain skeptical about the recent market bounce, one prominent strategist believes the worst is behind us and the rally will continue. What can investors buy to take advantage?

"The period from August 2015 to February 2016 was a 'bear market' even though the S&P 500 did not statistically fall 20 percent," Fundstrat's Thomas Lee wrote in a note to clients Tuesday. "We realize many investors look to the remainder of 2016 with apprehension, however, we believe equity markets are poised to make new highs in coming months."

Since 1998, Lee has been a perennial top-ranked equity strategist and analyst on Wall Street by Institutional Investor.

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