Tom Lee of Fundstrat Global Advisors Says S&P 500 to 2300 by Year End on Bond Catch-up Trade

Makes some historical sense at least.

The strategist marshals some historical stats to make his point.

He points out that since 1985, high-yield bonds have posted double-digit gains in 15 separate years. In 14 of those 15 years, the S&P 500 (^GSPC) has risen more than 10 percent; in the remaining year, 1992, stocks rose 8 percent. 

Sounds like a rally coming up unless the FED smashes it with their stupid rate rises.