The US economy is riddled with green flags and is headed for an expansion, not a recession, according to Fundstrat's Tom Lee

• The US economy has too many green flags to slip into a recession, according to Fundstrat's Tom Lee.
• Lee suggested the economy would actually enter an expansion in 2023.
• He pointed to five positive economic indicators that suggest a better market is on the horizon.

The US economy is actually showing signs of entering an expansion, not a recession, according to Fundstrat's head of research Tom Lee.

Lee, who is one of the most bullish Wall Street commentators, pointed to a handful of positive indicators in the economy that suggest inflation is coming under the Fed's control and the US may not slip into a hard landing after all.