A smiling trader works on the floor of the New York Stock Exchange.
Traders work on the floor of the New York Stock Exchange (NYSE) on October 27, 2022 in New York City.
  • Fundstrat's Tom Lee says it looks increasingly likely that the stock market bottomed in October.
  • Fundstrat highlighted six reasons why it thinks the bottom is in and a rally in stocks can continue.
  • "Markets bottom before fundamentals 80% of the time and S&P 500 P/E (2024) is 15x ex-FAANG," Lee said.

Fundstrat's Tom Lee has growing confidence that the stock market already bottomed in October and is poised for more gains ahead.