Tom Lee sees S&P 500 topping 7,000 by year-end, says don't be fooled by shutdown calamity talk

The government shutdown is unlikely to derail the stock market's momentum into year-end, according to Tom Lee, Fundstrat Global Advisors' head of research. Lee believes the suspension of economic data releases from federal agencies is a "sidebar issue," adding that past shutdowns have had little lasting impact on equities. The widely followed strategist, who called 2025's bull run to all-time highs in stocks, expects the S & P 500 to reach at least 7,000 by December with potential for further gains. "We would not lean bearish because of shutdowns," Lee wrote in a note to clients Thursday. "If stocks are down, we would be dip buyers. This is something to be mindful of, as we may hear of dire warnings of calamity because of the shutdown." The S & P 500 has surged almost 40% since its April l