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Motley Fool Money's 2024 Energy Review

Veteran analyst who predicted the S&P 500's rally unveils target for 2025

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The S&P 500 is on track for another consecutive gain of over 20%, given it's up 27% year-to-date with only two weeks left to go. And the rally has been strong throughout the year, much to the surprise of many of Wall Street's leading analysts.
The article from MSN Money discusses insights from veteran analyst Tom Lee of Fundstrat Global Advisors, who accurately predicted the S&P 500's rally in 2023. Lee has now set a new target for the S&P 500, forecasting it to reach 6,500 by the end of 2025. His optimism is based on several factors including the Federal Reserve's potential rate cuts, a decrease in inflation, and the positive impact of AI on productivity. Lee also highlights the resilience of the U.S. economy, suggesting that despite concerns like high interest rates and geopolitical tensions, the market could continue its upward trend. He advises investors to remain invested, citing historical data showing that markets often perform well even in the face of economic challenges.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/veteran-analyst-who-predicted-the-s-p-500-s-rally-unveils-target-for-2025/ar-AA1vTo37 ]