Tom Lee projects S&P 500 to reach 7,700 by 2026, extending bull run.

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CNBC TV18•12-12-2025, 14:00
Tom Lee projects S&P 500 to reach 7,700 by 2026, extending bull run.
- •Tom Lee of Fundstrat forecasts the S&P 500 to reach 7,700 in 2026, extending the bull market to a fourth year.
- •This prediction implies an 11.8% gain for the S&P 500 from Wednesday's close.
- •Lee attributes the market's resilience to a "Wall of Worry" and notes the S&P 500 is up 17% in 2025, exceeding his prior forecast.
- •For 2026, Lee favors tech (AI, crypto), materials, energy, and financials, despite some lagging sectors in 2025.
- •A potential new Federal Reserve chair replacing Jerome Powell in May is seen by Lee as a positive catalyst for stocks due to expected dovish policies.
Why It Matters: This predicts continued strong stock market growth into 2026.
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