# Tom Lee: S&P 500 to 2,835 by Dec 31, 2019

Updated Sep 29, 2026 · Web page: https://predictionverifier.com/predictions/tom-lee-sp500-2835-by-2019/

Tom Lee's prediction that S&P 500 would reach 2,835 by December 31, 2019 came true. S&P 500 closed at 2,855 on March 21, 2019, the first close at or above the target. Tom Lee made the call on CNBC on January 11, 2019, when S&P 500 was at 2,597. The target needed a 9.2% rise in one year.

| Field | Value |
|---|---|
| Status | Hit |
| Person | [Tom Lee](https://predictionverifier.com/people/tom-lee/) |
| Asset | [S&P 500 (SPX)](https://predictionverifier.com/assets/sp500/) |
| Outlet | CNBC |
| Said on | Jan 11, 2019 |
| Quote | “In his latest investor note released Friday morning, Lee predicted the S&P 500 would hit 2,835 by the end of the year.” |
| Price when said → target | 2,597 → 2,835 |
| Change | +9.2% from the price when said |
| Deadline | Dec 31, 2019 |
| Deciding close | First close at or above the target: 2,855 (Mar 21, 2019) |
| Source | [CNBC](https://www.cnbc.com/2019/01/11/but-the-dip-because-the-sp-could-rally-17-percent-in-2019-tom-lee.html) |
| Archive | [Archive](https://web.archive.org/web/20221112034140/https://www.cnbc.com/2019/01/11/but-the-dip-because-the-sp-could-rally-17-percent-in-2019-tom-lee.html) |
| How we check | [How we check predictions](https://predictionverifier.com/how-we-check-predictions/#touch) |
| Public ID | #b4a6b |

## What was said

[Tom Lee](https://predictionverifier.com/people/tom-lee/) · Head of Research, Fundstrat Global Advisors; Chairman, Bitmine Immersion Technologies · 8 predictions · 2 hit · 4 missed · 2 open

CNBC, Jan 11, 2019 · [Source](https://www.cnbc.com/2019/01/11/but-the-dip-because-the-sp-could-rally-17-percent-in-2019-tom-lee.html) · [Archive](https://web.archive.org/web/20221112034140/https://www.cnbc.com/2019/01/11/but-the-dip-because-the-sp-could-rally-17-percent-in-2019-tom-lee.html)

> In his latest investor note released Friday morning, Lee predicted the S&P 500 would hit 2,835 by the end of the year.

Lee said buying the dip was back and that the probability of a double-digit year was the highest since 2009. He compared the 2018 decline to mid-bull-market pullbacks in 1962 and 1987, when the market found its footing at the 200-week moving average, which he put at about 2,350 on the S&P 500. He said a retest in 2019 would be viewed as a buying opportunity.

## How we checked this

The prediction comes true if any daily close from Jan 11, 2019 to Dec 31, 2019, inclusive, is at or above 2,835. Prices are daily closes, not intraday highs.

- Price when said: 2,597 (Jan 10, 2019) · [price data](https://www.cnbc.com/quotes/.SPX)
- Deciding close: 2,855 (Mar 21, 2019) · [price data](https://www.cnbc.com/quotes/.SPX)

[How we check predictions](https://predictionverifier.com/how-we-check-predictions/)

## More from Tom Lee

- [Tom Lee: S&P 500 at or above 8,000 on Dec 31, 2026](https://predictionverifier.com/predictions/tom-lee-sp500-8000-by-2026/) · Open · 7,365 → 8,000 · Deadline Dec 31, 2026 · #266cb
  “We are giving a mid-year update and raising our year-end target for S & P 500 to 8,000 from 7,700.”
- [Tom Lee: Bitcoin to $300,000 by Dec 31, 2026](https://predictionverifier.com/predictions/tom-lee-bitcoin-300k-by-2026/) · Open · $93,454 → $300,000 · Deadline Dec 31, 2026 · #891a1
  “He added that BTC will mirror the performance of the S&P 500 US stock index next year and predicted a price high of $300,000.”
- [Tom Lee: Bitcoin to $200,000 by Dec 31, 2025](https://predictionverifier.com/predictions/tom-lee-bitcoin-200k-by-2025/) · Missed · $111,130 → $200,000 · Deadline Dec 31, 2025 · #e8979
  “I think Bitcoin can easily get to $200,000 before the end of the year, and I know that's a big move.”
- [Tom Lee: Bitcoin to $150,000 by Dec 31, 2025](https://predictionverifier.com/predictions/tom-lee-bitcoin-150k-by-2025/) · Missed · $94,265 → $150,000 · Deadline Dec 31, 2025 · #614af
  “Speaking on CNBC‘s Squawk Box on Monday, March 3, Lee noted that he expects Bitcoin to “do better than $150,000 this year,” citing widening acceptance.”
- [Tom Lee: S&P 500 at or above 3,125 on Dec 31, 2019](https://predictionverifier.com/predictions/tom-lee-sp500-3125-by-2019/) · Hit · 2,918 → 3,125 · Deadline Dec 31, 2019 · #379a0
  “In a note to clients, the co-founder of Fundstrat Global Advisors raised his S&P 500 year-end target to 3,125 from 2,925, which represents a 7% gain from Thursday's 2,917 close.”

## Other S&P 500 predictions

- [Ed Yardeni: S&P 500 at or above 8,250 on Dec 31, 2026](https://predictionverifier.com/predictions/ed-yardeni-sp500-8250-by-2026/) · Open · 7,580 → 8,250 · Deadline Dec 31, 2026 · #3571d
  “In a new CNBC interview, veteran strategist Ed Yardeni says he is raising his year-end target for the stock market index to 8,250.”
- [Ed Yardeni: S&P 500 to 10,000 by Dec 31, 2029](https://predictionverifier.com/predictions/ed-yardeni-sp500-10k-by-2029/) · Open · 7,399 → 10,000 · Deadline Dec 31, 2029 · #38eac
  “Nevertheless, for now, we are sticking with our 10,000 target for the S&P 500 by the end of 2029”
- [Ed Yardeni: S&P 500 to 7,000 by Dec 31, 2025](https://predictionverifier.com/predictions/ed-yardeni-sp500-7000-by-2025/) · Missed · 6,729 → 7,000 · Deadline Dec 31, 2025 · #f0d42
  “Yardeni argues that corporate earnings have been prolific enough to keep the market afloat, and he predicts that the S&P 500 is about to rally once again, crossing 7,000 by the end of the year.”
- [Ed Yardeni: S&P 500 at or above 6,500 on Dec 31, 2025](https://predictionverifier.com/predictions/ed-yardeni-sp500-6500-by-2025/) · Hit · 5,844 → 6,500 · Deadline Dec 31, 2025 · #30b4c
  “The president of Yardeni Research raised his year-end target for the S & P 500 back up to 6,500 from 6,000.”
- [Ed Yardeni: S&P 500 at or above 5,800 on Dec 31, 2024](https://predictionverifier.com/predictions/ed-yardeni-sp500-5800-by-2024/) · Hit · 5,577 → 5,800 · Deadline Dec 31, 2024 · #ee7fe
  “Ed Yardeni of Yardeni Research late Wednesday hiked his year-end target for the S & P 500 to 5,800 from 5,400.”

## More on this prediction

- [Tom Lee's price predictions](https://predictionverifier.com/people/tom-lee/)
- [S&P 500 price predictions](https://predictionverifier.com/assets/sp500/)
- [S&P 500 price predictions for 2019](https://predictionverifier.com/assets/sp500/2019/)

Found a mistake on this page? [Report an error](https://predictionverifier.com/report-an-error/?prediction=b4a6b)