Top strategist Tom Lee has made bold predictions regarding the S&P 500, forecasting it could reach 5,800 by the end of 2024 and 15,000 by 2030. Lee's optimism is partly based on significant wealth transfers between generations, with $10.6 trillion expected to be transferred in the US, $3.5 trillion in Europe, and $2.8 trillion in Asia by 2030. He believes that the end of this year will be a 'day of reckoning' for those holding cash and earning a 5% return.
Tom Lee has said expects the S&P 500 to hit 5,800 by the end of the year. "I think the end of this year will be a day of reckoning for those who are sitting on cash, earning 5%," he says.
Tom Lee just said on CNBC he expects the S&P 500 to hit 5,800 by the end of the year “I think the end of this year will be a day of reckoning for those who are sitting on cash, earning 5%” - Tom Lee https://t.co/763XzEgkGa
Tom Lee expects the S&P 500 to hit 5,800 by the end of the year. "I think the end of this year will be a day of reckoning for those who are sitting on cash, earning 5%," he says. ⤵️ https://t.co/IMjZN7BAjk
Tom Lee expects the S&P 500 to hit 5,800 by the end of the year. "I think the end of this year will be a day of reckoning for those who are sitting on cash, earning 5%," he says. https://t.co/y9UEAp5ILC
"By 2030, around $10.6tn of wealth will have been transferred between the generations in the US, $3.5tn in Europe and $2.8tn in Asia." https://t.co/zcvat2cM8r https://t.co/LFR4HfpAoR
TOM LEE SAID THE S&P COULD REACH $15,000 BY 2030. After listening to his latest podcast, he really makes some compelling points…I wrote them out below and curious after reading these if people agree with his thesis: 1.) Baby boomers are transferring wealth to Millennials and… https://t.co/oB05KQQcrn
Top strategist Tom Lee is predicting the S&P 500 could hit 15,000 by 2030 https://t.co/ApOh8FY7lU