Analysts from Tom Lee's fund predict that the US stock market rebound will last for six to eight weeks
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On January 9, Mark Newton, an analyst at Tom Lee's fund, released a report stating that the S&P 500 index could reach a year-end target of 7,300 points. However, before achieving this target, the market may experience a consolidation phase and start to pull back from this spring. He predicts that the current rally will last for six to eight weeks, after which the stock market will face resistance, with pressure likely beginning in late February or early March and continuing until the end of May. The main reason is the stagnation of growth in the technology sector, including weaker performance from companies such as Nvidia and Microsoft. In addition, after internal disagreements at the end of last year, Tom Lee and his analysts have now reached a consensus at the beginning of this year that the market will face volatility, but the overall outlook remains positive.
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