According to BlockBeats, on January 9, Mark Newton, an analyst at Tom Lee's fund, released a report indicating that the S&P 500 is expected to experience a 'choppy' 2026. Despite a year-end target of 7300 points, the market may undergo a consolidation phase before reaching this goal, potentially leading to a downturn starting this spring.
Newton predicts that the current market rally will continue for another six to eight weeks before encountering resistance. He anticipates a period of consolidation and volatility throughout the year, likely beginning in late February or early March, with pressures persisting until the end of May. The primary catalyst for this volatility is expected to be a downturn in the technology sector. After an extraordinary three-year growth period, leading companies like Nvidia and Microsoft are showing signs of stagnation.
Notably, following an internal disagreement at Tom Lee's company at the end of last year, both Tom Lee and his analysts have reached a consensus at the start of this year. They agree that while the market will face volatility, the overall outlook remains positive.