Tom Lee Predicts S&P 500 To Reach 6,300, Bitcoin To Break $100K By Year-End, Says Trump’s Tariffs Can Be Effective ‘Negotiating Tools’
On Monday, Tom Lee, Chief Investment Officer at Fundstrat Capital, predicted that the S&P 500 tracked by SPDR S&P 500 (NYSE:SPY) will rally to 6,300 by year-end, citing favorable market conditions and historical patterns that point to continued strength in December.
What Happened: Speaking on CNBC’s “Squawk Box,” Lee outlined four key factors supporting his bullish outlook: strong December seasonality, falling 10-year Treasury yields, contrarian sentiment indicators, and dual market support from both Federal Reserve and presidential policies.
“December has been up 100% of the time when the market is up more than 10% in the first half of the year during election years,” Lee said, emphasizing the historical precedent. He noted that the 10-year Treasury yield’s retreat to 4.1% …