Fundstrat’s Tom Lee suggests a potential 30% surge for the S&P 500 next year, anticipating a decline in inflation and a possible interest rate cut by the Fed. What Happened: Lee, a renowned bullish strategist, anticipates the S&P 500 to touch 5,200 by the close of the year, indicating a 9% increase from the present level, reported Business Insider. Lee’s predictions hinge on the expected Fed rate cuts and a significant drop in inflation. He believes these factors will provide the necessary conditions for stock prices to skyrocket in 2024. “The rate of price increases is slowing,” Lee commented…
