Investing veteran Tom Lee believes the US stock market will see greater heights next year due to a number of tailwinds.
In a new CNBC interview, Fundstrat’s co-founder and managing partner says the current macro backdrop will support stock market rallies next year.
Lee also says he sees investors waiting to get into the S&P 500 in 2025.
“I think so [are] There will be a lot more tailwinds for markets in 2025 than in 2024, especially because we are now not worried about the Fed worrying about inflation and stalling the economy.
We’ve had an election, and now we have a lot of money on the line, and I think that companies are finally getting more courageous – what we call “animal spirits” – and are ready to move on to mergers and other things like capital markets start, they will help stocks next year.”
In October, Lee said $6 trillion worth of capital that has been left stranded could lead to further upswings in the stock market. He also noted that fears of recession have discouraged many investors from entering the stock market.
“It feels like investors are under-invested in stocks. I find…
