Fundstrat’s head of research, Tom Lee, believes that the S&P 500 will march to new record levels by the end of 2025 after brushing aside multiple shocks over the last few years.
In a new CNBC interview, Lee says the S&P 500 is in the midst of the “most hated V-shaped” rally after the stock market index recovered from a 2025 low of 4,835 to a new all-time high of 6,215 points.
According to Lee, many investors dumped their stock holdings during the market’s early-year decline, only to be left on the sidelines as equities staged a strong rebound.
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“A lot of folks liquidated at the lows, but we know that whenever the VIX (volatility index) is above 60 and falls below 30, you’ve made
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