Tom Lee, the managing partner and head of research at Fundstrat Global Advisors, shared his bullish prediction for the S&P 500, foreseeing it reaching 15,000 by 2030 riding the AI wave.
What Happened: Lee’s forecast is based on the emergence of a new cycle in the stock market, where annual returns are expected to compound at a high rate. This cycle is being driven by the younger generations, particularly millennials and Gen Z.
“This will be the 3rd time that stocks entered a cycle where annual returns compound at high teens,” Lee said in an interview with CNBC’s Last Call.
.@fundstrat's Tom Lee says the S&P 500 will hit 15,000 by 2030. "This will be the 3rd time that stocks entered a cycle where annual returns ...Full story available on Benzinga.com
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