#美联储恢复降息进程 Tom Lee from Fundstrat is making big predictions again—he says the S&P 500 could touch 7200 or even 7300 points by the end of the year. Sounds crazy? But the reasons he gives are quite solid. Recently, when he appeared on the CNBC show, he directly stated: "I am very bullish." Three core logic points support this judgment - liquidity is about to reverse, a bunch of fund managers have already surrendered, and there is this special time window at the end of the year. The key point is that the Federal Reserve may lower interest rates this month, while quantitative tightening is also nearing its end, which is equivalent to directly opening the floodgates for the market. Tom said this combination can produce an "explosive effect." Interestingly, Lee revealed that during private conversations, he found that many institutional investors have already lost their composure. They are now just thinking of "hanging on until January to see what happens." But here's the problem—if the market really takes off in December, these people will definitely have to grit their teeth and buy in to improve their annual performance rankings. Once various broad-based ETFs start competing for purchases, the price increase could exceed everyone’s expectations. Tom's sharpest remark is: Traders have ignored the lethal power of the liquidity shift as if they were "sleepwalking." In the past, everyone was worried about interest rates, but now the script has changed—money is starting to increase, and the rules of the game have to change accordingly. The recent New Year rally in the U.S. stock market might be more intense than expected. Of course, this is just an analyst's assessment, and the market is always full of surprises. But at least it provides an angle for observation—this clue of liquidity might be worth paying close attention to. $BTC $ETH $XRP