VTI - Tom Lee Predicts S&P 500 Surge In 2024 Despite Early Year Downturns | Benzinga
As we enter 2024, Tom Lee of Fundstrat presents a mixed forecast for the stock market. While he remains optimistic about the overall performance, he signals potential disturbances early in the year.
What Happened: Lee projects a significant rise in the S&P 500, expecting it to hit new heights in January and sustain growth throughout the year, with an ambitious target of 5,200 by year-end. However, he cautions about a likely downturn of approximately 5% around February or March.
This expected dip is seen as a period of adjustment after the market's recent upswing. Markets Insider reports.
"In the current context, we could see S&P 500 4,400 to 4,500 once we make ...