TOM LEE SAID THE S&P COULD REACH $15,000 BY 2030.
After listening to his latest podcast, he really makes some compelling points…I wrote them out below and curious after reading these if people agree with his thesis:
1.) Baby boomers are transferring wealth to Millennials and GenX which have a propensity to spend and invest in the market. Additionally, millennials are entering prime spending years where big purchases like a house and car will be taking place. All of this is upside for the broader economy.
2.) The US has the best tech companies in the world. If those tech companies can continue putting up the numbers that they have, fueled by the tailwind of AI, then it’s not implausible to think that those tech companies will only continue to grow. Tangible example: $GOOGL has 2B people using YouTube. In 7 years, hundreds of millions, if not billions, of people will have access to the internet (thanks to things like Starlink) and all of those people will want to watch videos…maybe even make videos…fueling YouTube’s growth which will make Google even more dominant than it is. Google is a large part of the $SPY, furthering the point that tech companies are going to benefit which means the overall index will benefit.
3.) THERE IS GOING TO BE AN 80M PERSON LABOR SHORTAGE BY 2030. The reason for this is because of population decline and AI automating jobs. If this is the case, and 80M labor = $3T of value, then tech companies are going to generate $3T of revenues to capitalize on the missing labor. Example: Tesla $TSLA and Optimus. Humanoid robotics can replace many jobs, which would means Tesla could benefit greatly off Optimus revenues. Nvidia $NVDA would benefit off creating the chips for those robots. Tech companies will inherit that $3T of value, which will continue to lead the overall S&P.
Do you agree with any of these arguments?!
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