Fundstrat’s Tom Lee says 2027 and 2028 could see ‘the biggest stock market gains of our lifetime’ — here’s why

Fundstrat’s Tom Lee believes 2027 and 2028 could represent a once-in-a-lifetime window for stock gains.

Lee says in a new interview with CNBC that stocks may see challenges between now and December and encourages investors to remain “vigilant but generally optimistic.”

He notes that three potential major IPOs and the seasonality of the midterm elections could weigh on the stock. Lee also says the market is likely to try to “test” Kevin Warsh, the new head of the US Federal Reserve.

But the longtime stock bull advocate points out that two big factors are fueling his bullish outlook for stocks through 2027.

(3:10) “The first is that I think the rate of economic growth in the United States is already starting to pick up. In other words, we can grow at 4%. And for the largest mature economy in the world to start accelerating growth is absolutely amazing.

The second is that the United States is one of the largest exporters of the most important tool in the next 10 to 15 years, which is artificial intelligence products. This means that we are essentially a net exporter of a high value product.

And I think there’s a lot of capital that’s being misallocated today because a lot of it is held in private alternatives, but it’s going to move to the public markets. So I think that, combined with the demographic tailwind of Millennials and Generation Z adding to the workforce, but then also starting to inherit generational wealth, I think that will set the stage beyond 2026, perhaps over the next couple of years, for some of the biggest stock market gains in our lifetimes.

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