On January 9, Mark Newton, an analyst at a fund under Tom Lee, released an email report stating that the S&P 500 index faces a “Choppy” 2026, and although the index’s year-end target could reach 7300, before achieving this target, the market may enter a consolidation phase and trigger a market decline beginning this spring. He predicts that the current rally will continue for approximately six to eight weeks, after which the stock market will face resistance. “We expect this will be a period of consolidation and volatility within the year. This is likely to begin in late February or early March, at which point we will begin to see the stock market facing some pressure, and this pressure may persist through the end of May. The main catalyst driving this volatility is a decline in the technology sector. After experiencing an extraordinary three-year growth period, leading companies such as NVIDIA and Microsoft are showing signs of growth stagnation.” It is worth noting that following the “internal disagreement within Tom Lee’s company” incident at the end of last year, at the beginning of this year, Tom Lee and his analysts have already achieved high consistency in their messaging, unanimously believing that the market will experience turbulence this year, while remaining optimistic about the overall market outlook.
Tom Lee旗下基金分析师：米国株式市場の反発はさらに6〜8週間続き、その後抵抗に直面する
On January 9, Mark Newton, an analyst at a fund under Tom Lee, released an email report stating that the S&P 500 index faces a “Choppy” 2026, and although the index’s year-end target could reach 7300, before achieving this target, the market may enter a consolidation phase and trigger a market decline beginning this spring. He predicts that the current rally will continue for approximately six to eight weeks, after which the stock market will face resistance. “We expect this will be a period of consolidation and volatility within the year. This is likely to begin in late February or early March, at which point we will begin to see the stock market facing some pressure, and this pressure may persist through the end of May. The main catalyst driving this volatility is a decline in the technology sector. After experiencing an extraordinary three-year growth period, leading companies such as NVIDIA and Microsoft are showing signs of growth stagnation.” It is worth noting that following the “internal disagreement within Tom Lee’s company” incident at the end of last year, at the beginning of this year, Tom Lee and his analysts have already achieved high consistency in their messaging, unanimously believing that the market will experience turbulence this year, while remaining optimistic about the overall market outlook.