Will The S&P 500 Surge to 5,000 By 2025? Analyst Makes Bold Prediction Based On Historical Trend
Fundstrat's Tom Lee predicts the S&P 500 will surge to 5,200 by the end of 2024, implying a 9% increase from current levels. Lee's predictions are based on expectations that inflation will continue to drop and the Fed will cut interest rates. He believes inflation falling to 2% would be a "very visible" possibility in 2024. Lee notes that double-digit S&P 500 gains have over a 50% chance of occurring in 2024. He points to a century-long trend showing stocks tend to deliver double-digit returns when 10-year Treasury yields are between 3-4%, as they are currently.
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00:00 It's Benzinga and here's what's on the block.
00:02 Fundstrat's Tom Lee predicts the S&P 500 will surge to 5,200 by the end of 2024,
00:07 implying a 9% increase from current levels. Lee's predictions are based on expectations
00:12 that inflation will continue to drop and the Fed will cut interest rates.
00:15 He believes inflation falling to 2% would be a very visible possibility in 2024.
00:20 Lee notes that double-digit S&P 500 gains have over a 50% chance of occurring in 2024.
00:26 He points to a century-long trend showing stocks tend to deliver double-digit returns
00:30 when 10-year treasury yields are between 3 and 4%, as they are currently.
00:34 Lee accurately predicted the S&P 500 would surge over 20% in 2023 to around 47.50,
00:40 coming close to his target of 47.69, where the index ended the year.
00:43 For all things money, visit Benzinga.com.
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