# Tom Lee: S&P 500 at or above 3,125 on Dec 31, 2019

Updated Sep 29, 2026 · Web page: https://predictionverifier.com/predictions/tom-lee-sp500-3125-by-2019/

Tom Lee's prediction that S&P 500 would be at or above 3,125 on December 31, 2019 came true. The close on the deadline decided this call: S&P 500 closed at 3,231 on December 31, 2019, the deadline. Tom Lee made the call on CNBC on May 3, 2019, when S&P 500 was at 2,918. The target needed a 7.1% rise in eight months.

| 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 | May 3, 2019 |
| Quote | “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.” |
| Price when said → target | 2,918 → 3,125 |
| Change | +7.1% from the price when said |
| Deadline | Dec 31, 2019 |
| Deciding close | Close on the deadline: 3,231 (Dec 31, 2019) |
| Source | [CNBC](https://www.cnbc.com/2019/05/03/tom-lee-predicts-sp-500-will-gain-additional-7percent-by-end-of-the-year.html) |
| Archive | [Archive](https://web.archive.org/web/20221207141616/https://www.cnbc.com/2019/05/03/tom-lee-predicts-sp-500-will-gain-additional-7percent-by-end-of-the-year.html) |
| How we check | [How we check predictions](https://predictionverifier.com/how-we-check-predictions/#at-deadline) |
| Public ID | #379a0 |

## 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, May 3, 2019 · [Source](https://www.cnbc.com/2019/05/03/tom-lee-predicts-sp-500-will-gain-additional-7percent-by-end-of-the-year.html) · [Archive](https://web.archive.org/web/20221207141616/https://www.cnbc.com/2019/05/03/tom-lee-predicts-sp-500-will-gain-additional-7percent-by-end-of-the-year.html)

> 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.

Lee said his new year-end target reflected a first-quarter earnings "recession" that had not been as bad as feared. He also argued that Fed Chairman Jerome Powell's comments after that week's policy meeting had not unsettled the market as much as in the past, saying the Fed's message had become more market-friendly.

## How we checked this

The close of the last trading day on or before Dec 31, 2019 decides: the prediction comes true if that close is at or above 3,125. Prices are daily closes, not intraday highs.

- Price when said: 2,918 (May 2, 2019) · [price data](https://www.cnbc.com/quotes/.SPX)
- Deciding close: 3,231 (Dec 31, 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 to 2,835 by Dec 31, 2019](https://predictionverifier.com/predictions/tom-lee-sp500-2835-by-2019/) · Hit · 2,597 → 2,835 · Deadline Dec 31, 2019 · #b4a6b
  “In his latest investor note released Friday morning, Lee predicted the S&P 500 would hit 2,835 by the end of the year.”

## 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/)

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