More Tailwinds Building To Boost Stock Market Next Year, According to Fundstrat’s Tom Lee

Investing veteran Tom Lee believes the US inventory market will see larger heights subsequent 12 months propelled by a lot of tailwinds.

In a brand new CNBC interview, the Fundstrat co-founder and managing accomplice says the present macroeconomic backdrop will maintain inventory market rallies subsequent 12 months.

Lee additionally says he sees traders ready on the wings to start out piling into the S&P 500 in 2025.

“I believe there [are] much more tailwinds constructing for markets in 2025 than have existed in 2024 primarily as a result of now we’re not worrying concerning the Fed worrying about inflation and bringing a halt to the financial system.

We now have an election that’s behind us, and now we’ve lots of money on the sidelines and I believe corporations lastly having extra braveness – what we name animal spirits – and a willingness to begin to do mergers and different issues like capital markets that assist shares subsequent 12 months.”

In October, Lee stated that $6 trillion price of capital that’s been sitting on the sidelines may gasoline additional inventory market surges. He additionally famous that recession fears have stored many traders from diving into the fairness market.

“It appears like traders are under-invested in shares. I believe there’s individuals who’ve dreaded 2024 pondering that is the 12 months we slip right into a recession, and as an alternative, and we’re seeing it with earnings, corporations have been actually resilient.”

As of Friday’s shut, the S&P 500 traded at 5,970 factors.

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