Wall Street Market Analyst: Stocks Will Likely Run Higher For Another Decade

Tom Lee, head of research at Fundstrat Global Advisors, claimed on CNBC‘s “Halftime Report” on Friday that the U.S. stock market will likely run higher for another 11 years,

“Both [Fundstrat technical strategist Rob Sluymer and I] think it’s more like 2029 is the peak of this equity market cycle and then, the S&P is 6,000 to 15,000,” Lee argued.

That view is based on his analysis of housing starts and auto sales that indicate the economy is only in the middle of the global business cycle.

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His predictions run counter to many left-wing analysts who say President Trump’s tax cuts and regulations policies won’t work.

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