"This would be the third time that stocks entered a cycle where annual returns compound at high teens," Fundstrat's Tom Lee said.

Stocks were either up big, or down a lot, in the year after the first Federal Reserve interest rate cutting cycle, according to a team led by Keith Lerner, co-chief investment officer at Truist Advisory Services.

There are a lot of opportunities to acquire world class technology and talent at a significant discount if you have the cash. As importantly, cheap(er) money is on its way back.