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Rarely gets it right—Tom Lee’s New Year script, “Wosh Up, Markets Down,” has already come true by more than halfway

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ME News Report, May 18 (UTC+8), on May 15, Powell's term as Federal Reserve Chair officially ended. The day before, the U.S. Senate narrowly approved Waller as Fed Chair with 54 votes in favor and 45 against. More intriguingly, on the day Waller took office, the medium-term upward trend of the U.S. stock market and Bitcoin also came to an end. The S&P 500 index peaked at 7,501 points on May 14 and quickly declined; Bitcoin, after failing to hit $82k on May 15, turned downward, recently accelerating its decline multiple times, currently barely holding above $77k. Although Tom Lee has been mocked for repeatedly "mindlessly bullish" cryptocurrencies since becoming Chairman of BitMine, the script he predicted earlier this year has already been half-fulfilled. On January 8, Tom Lee predicted in an interview with CNBC that 2026 would be a year of "joy, depression, and rally," similar to 2025. He said the market would at some point feel like it has "entered a bear market," but then would rebound strongly, ending the year bullish, and he expects the S&P 500 to reach 7,700 points by the end of 2026. He specifically mentioned that during the initial period of the new Fed Chair's tenure, the market might face a "test" with a 15% to 20% correction, especially in the second half of the year. But this is not the end of the bull market, rather an important buying opportunity. (Source: BlockBeats)
BTC3.82%
US5000.13%
US500200.13%
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