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4 charts show why Wall Street's most bullish strategist expects the stock market to triple by 2030

random opinion :: 2024-09-18 :: source - businessinsider

By Mathew Fox ::



* Fundstrat's Tom Lee expects the S&P 500 to top 15,000 by 2030.

* Demographic trends, millennial spending habits, and technology advancements will be key drivers.

* Here are the four charts that show why Lee is so bullish on the stock market.



Fundstrat's Tom Lee raised eyebrows last month when he made an extremely bullish prediction: the S&P 500 will nearly triple by 2030.

In an interview with Bloomberg's Odd Lots, Lee said he expects the S&P 500 to top 15,000 by the end of the decade. The index traded around 5,635 as of mid-September.

"If this is a normal S&P cycle following demographics…S&P should be potentially 15,000 by the end of the decade. To me, as you move into a longer timeframe that's probably where I think we're moving towards," Lee said.

In the interview, Lee said he was looking at a handful of charts that back up his bullish long-term prediction. ... read the full gist on businessinsider.

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