Predicted Bull Market Through 2035: Insights from Tom Lee
Fundstrat Global Advisors’ Head of Research, Tom Lee, has stirred considerable interest with his recent prediction that the current bull market will extend through 2035. This optimistic outlook is founded on transformative technologies and demographic shifts. Let’s break down Lee’s analysis and the driving forces behind this forecast.
The Role of Transformative Technologies
One of the keystones of Lee’s prediction is the impact of artificial intelligence (AI) and blockchain technology on various sectors. These innovations are not just thrilling from a theoretical standpoint; they are gaining traction in practical applications, particularly in finance and healthcare. Lee believes that the U.S. is poised to lead global advancements in these areas, which will enhance productivity and profitability across industries, thereby contributing to market growth.
AI is revolutionizing how businesses operate, offering tools that automate processes and improve efficiency. In healthcare, AI-driven diagnostics and patient management systems are set to reshape the landscape, offering better outcomes and reducing costs. Blockchain’s ability to provide secure transactions and enhance traceability is particularly valuable in sectors like finance, where trust and verification are crucial.
Generational Workforce Peaks: Historical Patterns
Lee’s predictions are also grounded in a historical framework that links bull market performance to generational workforce peaks. Notably, baby boomers reached their peak economic power around 1999, followed by Generation X in 2018. Lee posits that millennials are slated to hit their peak in 2035. Historical data suggests that significant market performance often coincides with such peaks, painting an encouraging picture for the upcoming years.
As millennials step into leadership roles and drive economic activity, their priorities—such as sustainability and technological innovation—may also influence market dynamics. This generational shift might also usher in new investment trends, particularly in sectors that resonate with millennial values.
The Wealth Transfer Phenomenon
Another compelling factor addressed by Lee is the substantial wealth transfer anticipated over the next two decades. As baby boomers begin to pass on their wealth, assets will likely shift from traditional credit investments to equity exposure. This transition could invigorate stock markets, as the influx of capital drives up valuations and ultimately leads to further profitability for companies.
The focus on equity investments aligns perfectly with Lee’s outlook. Increased participation in the stock market by new investors, particularly those who are tech-savvy and aligned with modern investing practices, could create a robust environment for sustained growth.
Market Performance and Economic Indicators
Lee’s optimism about the bull market is currently reinforced by strong performances in major indices. The S&P 500 has displayed impressive metrics, closing at 6,501.86 on July 2, 2025, marking a 10.79% increase year-to-date and an astonishing 85.34% growth over the past five years. This upward momentum is echoed in the performance of the Nasdaq Composite and the Dow Jones Industrial Average, highlighting a collective bullish sentiment across the board.
Investors often see continued growth in such conditions as a green light for long-term investments, particularly in technology and innovation-centric companies.
Supporting Research and Historical Comparisons
Ryan Detrick from Carson Group complements Lee’s analysis by examining 50 years of market data. He argues that bull markets that extend into their third year commonly continue for at least five total years. The current 31-month bull market mirrors historical trends, giving credibility to Lee’s forecast that the market will experience a sustained upward trajectory.
Noteworthy Corporate Performance
Amid this backdrop, NVIDIA Corporation (NASDAQ: NVDA) has shown remarkable momentum, reporting $46.7 billion in revenue in its latest quarter. This figure surpassed expectations, driven largely by growth in data center, gaming, and networking segments. NVIDIA’s innovations, particularly related to AI and cloud computing, are resonating with major industry players like OpenAI and Meta Platforms, signaling robust demand across tech sectors.
Conclusion
The interplay of technological advancements, demographic shifts, and historical market patterns creates a compelling narrative around Tom Lee’s prediction of a sustained bull market through 2035. As millennials increasingly drive the economy and transformative technologies reshape industries, the potential for long-term growth appears strong, capturing the interest of investors and analysts alike.
In light of these factors, the market landscape seems primed for exciting developments in the coming years. With the right conditions, the synergy of technology, wealth transfer, and generational energy could indeed forge a new era of economic prosperity.