During the first year of tenure for past Federal Reserve Chairs, 10 out of 13 saw the stock market experience a 10%+ pullback! This is because the market conducts a stress test on the new Fed Chair. As a result, Tom Lee predicts that there will be a significant pullback around mid-to-late May when Powell's term ends and the new Chair officially takes over. However, with strengthening fundamentals, the market is expected to rebound, and it could very likely be the strongest bull market we’ve seen in our lifetime!