US markets to tank in the next 8 weeks but could rally 10% into the year-end, says ace analyst
US markets is looking at a rough couple of months, with some major concerns surrounding stocks like S&P 500, Nvidia, Nasdaq 100, that are heavily losing their market capitalization, and also placing immense pressure on its closely associated stocks. Fears of recession is majorly driving this downslide of the stocks, with Nvidia stock prices falling heavily, as their AI chip launch draws close.
US markets could bounce back after a rough two months
According to Fundstrat's Tom Lee, a leading market analyst, the US economy has a lot of strength, and could easily fight off the next few weeks, and then rally nearly 10% into the year end. Lee is of the opinion that the US markets could drop steadily and even though there is a downside at this point, he has remained bullish on the stocks, as there are chances of a rally.
Wall Street's most bullish forecasters are predicting that the stock market could see a major drop over the course of the next few months, but could also rally nearly 10% by the end of the year.
US Presidential Elections key to market troubles
As has been observed earlier too, the US Presidential Elections have always played a key role in the US stock markets over the course of time, and this year too, the same trend is being seen after Kamala Harris joined the Presidential poll ticket against Donald Trump. Her rising popularity was at the epicenter of a market deviation after the end of the Democratic National Convention 2024, where she officially accepted the nomination on behalf of the Democratic
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