Fundstrat’s Tom Lee Says Investors Should Stay Constructive on US Equities – Here’s His Outlook
Fundstrat’s Tom Lee isn’t dissuaded by the market volatility last Friday.
In a new interview with CNBC, Lee says investors should “stay pretty constructive” on US equities despite the recent pullback.
“JPMorgan, the biggest and most powerful bank in the world, is investing $1.5 trillion into the US into things that are going to strengthen US advantages. Critically important areas. And at a time when the US is dominating AI, and of course, now we have this big tailwind as blockchain is an initiative that Wall Street is building products on, so I think there are a lot of reasons for investors to stay optimistic.”
JPMorgan Chase announced the “Security and Resiliency Initiative” on Monday, a $1.5 trillion, 10-year plan to boost US industries critical to national economic security. The financial giant says the plan includes up to $10 billion in direct equity and venture capital investments in select US companies.
Lee predicts the S&P 500 could add “200 points between today and mid-November.” He also still thinks the leading index will hit 7,000 by the end of the year.
The S&P 500 is trading at 6,654.85 at time of writing. The index is up more than 1.5% in the past day but down 1.35% in the past five days.
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Has sector rotation in the crypto market really failed?
With BTC maturing first, ETH lagging behind, and SOL still needing time, where are we in the cycle?

Prospects of Ethereum Protocol Technical Upgrade (1): The Merge
This article will interpret the first part of the roadmap (The Merge), explore what technical design improvements can still be made to PoS (Proof of Stake), and discuss ways to implement these improvements.

DYDX Boosts Market Moves with Strategic Buyback Decision
In Brief DYDX increases revenue allocation for token buybacks from 25% to 75%. Price gains expected due to reduced supply pressure and strategic decisions. Increased buybacks viewed as a crucial financial strategy amidst volatile conditions.

Corporate Crypto Treasuries Shift as Bitcoin Loses Ground to Altcoins

