Tom Lee's First Take of the Year: New Year Rally a Good Sign, Bear Market Possible Mid-Year

BlockBeats News, January 8th, Tom Lee stated in an interview with CNBC that the New Year's Day surge in 2026 (stock market, precious metals, cryptocurrencies, etc.) has always been a good sign of market breadth for investors and institutional investors. This year will be a year of "joy, depression, and rally," similar to the pattern of 2025. "There will be a moment this year when people will feel like they have entered a bear market," but there will be a strong rebound afterwards, 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 Fed chair, there may be a 15% to 20% pullback, especially in the second half of the year, but this is not the end of the cycle; it is a buying opportunity.