Tom Lee's First Trip Abroad in the New Year: Broad Rally at the Start of the Year is a Good Omen, Bear Market May Appear Mid-Year

Tom Lee stated in an interview with CNBC that the broad rally at the start of 2026 (stocks, precious metals, cryptocurrencies, etc.) indicates good market breadth, which has always been a positive sign for retail and institutional investors. This year will be a year of "joy, depression, and rally," similar to the pattern seen in 2025.

At some point this year, there will be a moment that feels like entering a bear market, but it will subsequently experience a strong rebound, and ultimately the stock market will end on a bullish note. He predicts that the S&P 500 index could reach 7700 points by the end of 2026. He believes that when the market tests the new Federal Reserve chairman, a pullback of 15% to 20% may occur, particularly in the second half of the year, but this is not the end of the cycle, but rather a buying opportunity.