Tom Lee

The S&P 500 will rally into the end of 2023 and finish the year much higher than its October 3, 2023 close of about 4,229.

“I'm pretty confident that we're going to have a nice rally into year end, much higher from where we are now,”

Said on

3 October 2023 · Interview on CNBC's "Closing Bell: Overtime"; he also stuck with a 4,825 year-end S&P 500 target

Source

Expect a 'violent' rally before the end of the year, Fundstrat's Tom Lee says · CNBC

Should come true

2023

How sure they sounded

I'm pretty confident

Categories

Markets

Importance

2 of 5 · A year-end call on the US stock market; it matters mainly to equity investors.

Outcome

Accurate Happened 29 December 2023.

The S&P 500 closed at about 4,229 on October 3, 2023 and ended 2023 at 4,769.83 after a nine-week winning streak, a gain of about 13% from when he spoke. That fits "a nice rally into year end, much higher."

Evidence:

• https://www.cnbc.com/2023/12/28/stock-market-today-live-updates.html