ChainThink report, on December 11, Tom Lee forecasts the S&P 500 index will reach 7,700 by 2026, extending the bull market into its fourth year, implying a 11.8% appreciation. He identifies the "wall of worry" effect, robust tech growth driven by artificial intelligence, and potential dovish Federal Reserve policy as bullish catalysts propelling market momentum.

In 2025, the S&P 500 rose 17%, with communication services and technology sectors gaining 33% and 27%, respectively. Lee remains bullish on technology, artificial intelligence, cryptocurrencies, materials, energy, and financials for 2026, noting that materials and energy underperformed other sectors this year, while the financial sector advanced 11.2%.