TOM LEE SEES S&P 500 HITTING 7,700 IN 2026 Tom Lee of Fundstrat expects the S&P 500 to reach 7,700 in 2026, extending the bull market to a fourth year and implying an 11.8% gain. He cites the “Wall of Worry” effect, strong AI-driven tech gains, and potential dovish Fed policy as tailwinds. In 2025, the S&P 500 rose 17%, with Communication Services and Tech up 33% and 27%. Lee favors tech, AI, crypto, materials, energy, and financials for 2026, noting that materials and energy have lagged this year while financials climbed 11.2%.