Tom Lee (Fund Strat) predicts the S&P 500 will reach approximately 6,800 by the end of 2025, conditional on Fed rate cuts, falling mortgage rates, and ISM turning up.
"...for the S&P, uh, if the Fed follows through and begins to cut, which is our expectation, and then we get a drop in mortgage rates and the ISM turning up, and therefore financials really begin to participate, I think that's why we get to 6,800 or so on the S&P."