Fundstrat’s Tom Lee thinks 2027 and 2028 could represent a once-in-a-lifetime period for stock gains.
Lee says in a new interview with CNBC that stocks could see challenges between now and December and encourages investors to remain “vigilant but generally optimistic.”
He notes that three potential major IPOs and the seasonality of the midterm elections could impact stocks. Lee also says the market will likely try to “test” Kevin Warsh, the new chairman of the US Federal Reserve.
But the longtime stock bull notes that two big factors are fueling his bullish view on stocks through 2027.
[3:10] “One is that I think U.S. economic growth is actually starting to pick up. In other words, we could grow at 4%. And that the mature, largest economy in the world is starting to accelerate growth is pretty amazing.
The second is that the US will be one of the largest exporters of the most important tool, namely AI products, in the next ten to fifteen years. And that means we are essentially a net exporter of a high-quality product.
And there’s so much capital that I think is being misallocated today because a lot of it is held in private alternatives, but it will go to the public markets. So I think that, plus the demographic tailwind of millennials and Gen Z expanding the labor force but also starting to inherit generational wealth, I think this will deliver one of the biggest stock market gains in our lifetimes after 2026, perhaps in the next two years.”
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