Tom Lee from Fundstrat says that the S&P 500 has room to run.
In a new one interview With CNBC, Lee predicts that the leading stock index can rise to 6,800 in the coming months, fed by tariff reductions of the American Federal Reserve.
“People always find nagging with new highlights, but we also know that it is not really apologetic for an institutional asset manager to be bearish when the market makes a new all time high. So in other words, the institutions must now start adding risks if we make heights of all time, because it is a new bullmarkt.”
Lee says that the FOMO trade (fear of missing) is part of the current market environment.
“It is only a reorientation of the perception, because the market is only 5% years to date, but we can rise 10%, so only half of the profit for the entire year has been realized, so if someone had a fresh eyes on the market and know that the FED’s floating and tariff risks can decrease and expand many people, I think that I can expand that many people can expand,” I think, frequently “.”
The S&P 500 set up a new of all time last week and acts at 6,263.26 at the time of writing. The index has risen by more than 0.6% in the past day and more than 1% in the past 5 days.
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