Veteran analyst Tom Lee has a reputation for calling turning points long before the rest of Wall Street catches on. That said, with the big banks having weighed in, Lee just dropped his S&P 500 target, betting once again that the crowd is too cautious. Given the current stock market setup, it’s a call that cuts directly against today’s “too far, too fast” narrative following years of oversized gains, but Lee feels the skepticism itself is part of the setup. Additionally, with the Fed delivering 175 basi ...

Look to the Fed to help stocks climb higher in 2026, says Fundstrat's Tom Lee. - Getty Images Thursday could be telling in whether investors can look past AI spending worries fueled by Oracle, or focus on the Fed’s last rate cut of the year. The optimists looking for cheer may find it in our call of the day from Fundstrat Global Advisors’ co-founder Tom Lee, who says the bull market is “alive” and fairly well, targeting the S&P 500 SPX at 7,700 by end 2026. Note, the most optimistic forecast for now rema ...