- Fundstrat’s Tom Lee made one of the most optimistic market forecasts this year.
- The US stock market has risen by more than $10 trillion in 29 days, marking its highest daily gain ever.
Tom Lee of Fundstrat did One of the most optimistic market forecasts this year, declaring that the S&P 500 will surpass 7700 in 2026. This is “very likely” because the economy has demonstrated remarkable resilience during a period that threatened to derail the entire bull market.
Lee described the economic recovery in the context of three specific risks that markets faced at the beginning of the year. The first was the conflict in Iran and the possibility of its escalation. The second was tensions in the private credit market. The third was uncertainty surrounding the appointment of a new US Federal Reserve Chairman.
He believes markets have handled all three challenges better than many expected.
We emerged from the Iran war with an economy demonstrating remarkable resilience. Moreover, profit forecasts are rising. So, I think we’ve passed that test. сказал Lee.
The S&P 500 index hit a new all-time high, marking its highest closing price ever, and the market value of the U.S. stock market has increased by more than $10 trillion in just 29 trading days, according to According to Tradingview: Analysts are calling this the biggest reversal in decades.
Against this backdrop, one asset is noticeably lagging behind. Bitcoin remains roughly 40% below its all-time high, while U.S. stocks are hitting new records. At the time of writing, the flagship cryptocurrency was trading at $76,604, down 1,64% over the past 24 hours.
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