Wall Street's biggest bull slashes his year-end target for stocks after Trump's win (SPY, SPX)

Fundstrat Co-founder and Strategist Tom Lee cut his year-end target for the S&P 500 after Donald Trump's surprising election win.
In a note on Wednesday, Lee, an enduring equity bull, said he lowered his target to 2,225 from 2,325. His prior target was the most bullish among equity strategists at major firms.
"We are reducing our S&P 500 YE target by 100 points to 2225 from 2325, reflecting the outcome of the election," Lee wrote to clients. "The change in YE target is a reduction to 0.7