Analyst Tom Lee predicts that global financial markets will end the year on a strong note…and he explains why!
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Answer Analyst Tom Lee predicts that global financial markets will end the year on a strong note…and he explains why!
Tom Lee, co-founder and head of research at Fundstrat Global Advisors, maintained his optimistic stance on the global stock market.
The Wall Street strategist emphasized that financial markets were on the rise, and the value of investment instruments is expected to rise due to favorable economic conditions.
So he sees that his Bitcoin price prediction at the end of the year and the beginning of the new year will be at $100,000.
Speaking with CNBC Yesterday, Lee reiterated that his expectations remain valid and stock market prices remain largely unchanged.Read:5 tips for investing in cryptocurrency
Analyst Lee cited the Fed’s approach as a bullish driver for the stock market and other financial markets, stressing that with the Fed opening to reverse the planned quantitative easing and higher interest rates in the event that the “Omicron” variable poses a threat to the economy. The economy, where investors will be willing to continue investing in risk because they know the Fed is backing them up.
According to him, the Fed’s roadmap makes investors understand and agree with it, and he went on to explain:
The Fed framework includes the risk that variables like the delta variable slow down the economy, and if Omicron has an effect, they can roll back that framework, so this model is understood and agreed by the market.
Lee also predicts that the S&P 500, which is currently around $4,600, will reach $4,800 before the end of the year and even advance to $5,000.
Investors still maintain optimism towards the end of the year:
Many participants in the cryptocurrency market share Lee’s optimism.
Market participants anticipate that a lot of cryptocurrencies will end the year in an uptrend.Read:The stable digital currency “Tether” is retreating for the first time from its ownership percentage to less than 75%
Bitcoin is one of the assets that investors are optimistic about.
Likewise, Ethereum is also expected to end the year strong according to some analysts’ opinions and speculations.
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