The S&P 500 could soar nearly 400% by 2038 as millennials drive the US economy to new heights, Fundstrat’s Tom Lee says
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- The S&P 500 could surge 362% to 19,350 by 2038, Fundstrat’s Tom Lee said in a Friday note.
- Lee said that millennials are poised to become the most important driver of the US economy over the next two decades.
- “Millennials are going to be a major incremental and additive driver to US economic growth, and better growth equals better equity returns,” Lee said.
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“Demographics are destiny,” according to Fundstrat’s…
