The market's been on a wild ride this month, but some folks aren't backing down from their optimistic calls. Tom Lee, the big brain Managing Partner and CIO over at Fundstrat Global Advisors, just doubled down on his bullish stance. His prediction? The S&P 500 could rocket up to somewhere between 7,200 and 7,300 before we flip the calendar to next year.
What's interesting here is the timing. Most analysts get shaky when volatility spikes, but Lee's sticking to his guns. The shift from market headwinds to potential tailwinds seems to be fueling his confidence. Whether traditional equities or risk assets like crypto, macro sentiment tends to move in waves—and right now, Lee's reading those waves as ultimately favorable despite the choppy waters we've been navigating lately.
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ApeWithNoFear
· 12-05 19:34
Naive bull faith
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Degen4Breakfast
· 12-04 19:50
Even during sideways movement, we need to take action.
The market's been on a wild ride this month, but some folks aren't backing down from their optimistic calls. Tom Lee, the big brain Managing Partner and CIO over at Fundstrat Global Advisors, just doubled down on his bullish stance. His prediction? The S&P 500 could rocket up to somewhere between 7,200 and 7,300 before we flip the calendar to next year.
What's interesting here is the timing. Most analysts get shaky when volatility spikes, but Lee's sticking to his guns. The shift from market headwinds to potential tailwinds seems to be fueling his confidence. Whether traditional equities or risk assets like crypto, macro sentiment tends to move in waves—and right now, Lee's reading those waves as ultimately favorable despite the choppy waters we've been navigating lately.