S&P 500 Could Go As High as 6,600 This Year After Shrugging Off ‘Five Shocks in Five Years,’ According to Fundstrat’s Tom Lee

Fundstrat’s head of analysis, Tom Lee, is of the opinion that the S&P 500 will march to new file ranges by the tip of 2025 after placing apart apart lately.

In a brand new CNBC interview, Lee says that the S&P 500 is surrounded by the “most hated V-shaped” rally after the inventory market index was recovered from a low level of 4.835 to a brand new highest level of 6,215 factors.

In line with Lee, many traders dumped their share of share throughout the fall of the market in the beginning of the market, to be left on the sidelines as a result of shares organized a robust rebound.

“Many individuals liquidated on the lows, however we all know that when the VIX (volatility index) is greater than 60 and falls beneath 30, you might have made a decisive low level.

And now visibility is healthier, charges aren’t as dangerous as we had anticipated, and the inflation influence could be very muted and out of doors charges, [underlying] Inflation is way decrease than the expectations of individuals. “

Trying forward, Lee believes that there isn’t a purpose to be bearish on the S&P 500 after surprising 5 shocks in half a decade.

“I feel there may be extra benefit of as much as 6,600 [points] As a result of the P/E (worth for the revenue) of the market can rise quite a bit. We already had 5 shocks. We had the COVID shock, the shock of the provision chain, the inflation shock, the fed-fast-her-in-history [shock] After which we had the tariff shock.

So 5 shocks in 5 years, and the revenue continued to develop. If this was a inventory, we’d say, “Look when you attempt to kill it 5 occasions and it nonetheless grew revenue, we’d place a a lot greater a number of.”

From the tip of Monday, the S&P 500 will probably be traded on 6,198 factors.

https://www.youtube.com/watch?v=lo97WPI7_R0

Comply with us on X” Facebook And Telegram

Do not miss a beat – Subscribe to get e -mail notifications on to your inbox

Verify worth promotion

Surf the Day by day Hodl -Combine

Generated picture: midjourney