- Dow Jones Industrial Average (DJIA) futures popped 100 points on Monday.
- The US stock market rally continues after S&P 500 hit new record highs last week.
- Analysts hail the “start of a new bull market” and Fundstrat’s Tom Lee sees “fireworks” before Christmas.
Dow Jones Industrial Average (DJIA) futures jumped 100 points higher in early trading Monday, extending last week’s monster stock market rally. After months of “recession fears,” analysts are now turning bullish with some hailing “the start of a new bull market.”
Ever the stock market optimist, Fundstrat’s Tom Lee said investors will likely see more gains before the end of the year.
“The next 8 weeks will be like fireworks. We could easily [see the S&P 500] above 3200 before the end of the year.”
Dow futures pop 100 points
Dow Jones Industrial Average (DJIA) futures climbed 100 points on Monday, pointing to strong stock market open. Source: Yahoo Finance
Stock market “fireworks” before Christmas
Tom Lee has been one of the few bullish voices through this year’s tumultuous trading season. Lee urged investors to “buy the dip” back in August when trade war fears sent the Dow and S&P 500 down.
“We see a falling 10-yr and weakening USD and higher odds of a September cut as VERY BULLISH—hence, we strongly urge investors to take advantage of this weakness.”
If the S&P 500 enjoys a Santa Clause rally and hits 3,200 before the end of the year,