According to Tom Lee, the co-founder of Fundstrat Global Advisors, the S&P 500 could potentially triple by 2030, reaching a level of around 8,000. Lee’s bullish outlook is based on his belief that the current economic environment is favorable for stocks, with low interest rates, strong corporate earnings, and a resilient consumer. He argues that the market is underestimating the potential for further gains, citing the robust job market and the likelihood of a soft landing for the economy. Lee expects the S&P 500 to reach 4,800 by the end of 2024, representing a 20% upside from current levels. He also predicts that the index could hit 6,000 by 2027, driven by continued economic growth and a potential resolution of geopolitical tensions. While acknowledging the risks of a potential recession, Lee remains optimistic about the long-term prospects of the stock market.