Tom Lee Predicts S&P 500 Could Jump 250 Points in November as Year-End Rally Builds

Fundstrat's Tom Lee predicts the S&P 500 could surge by 250 points in November, driven by a year-end "performance chase" as over 80% of fund managers are behind their 2025 benchmarks. This optimism is supported by historical seasonal strength in November and the S&P 500's significant recovery in 2025, which mirrors past years that preceded further double-digit gains. Lee also points to strong corporate fundamentals, particularly AI-driven profit and margin growth, and easing inflation as factors offsetting macroeconomic headwinds like tariff concerns. However, the bullish outlook contrasts with valuation concerns, as the S&P 500 trades near dot-com peak multiples based on free cash flow, leading some investors to remain cautious.

(Source：BeInCrypto)