The Monday before Thanksgiving begins the holiday season at the end of the year in the United States, which is usually a time for investors to celebrate. "the market has a seasonal tailwind," Tom Lee, co-founder of Fundstrat Global Advisors, said in a report.

Since 1995, the s & p 500 has recorded positive returns 19 times from Thanksgiving to the end of the year, with a probability of 76%.

In an interview with the media last week, Tom Lee believed that the S & P 500 would continue to climb and that the benchmark stock index would perform well by the end of the year. Tom Lee correctly predicted the bottom of the market in March.

Lee raised its target for the S & P 500 to 3800 by the end of the year, compared with a previous target of 3525. Lee's forecast will take the S & P 500 to an all-time high, with its current record high of 3645.99 on Nov. 9.

Credit Suisse also expressed optimism about the US stock market a few days ago. Strategists at the investment bank say that if the world returns to normal after the COVID-19 epidemic, the S & P is expected to rise another 12 per cent next year and reach 4050 by the end of next year.

But Morgan StanleyMichael Wilson, chief US equity strategist, warned that the stock market was at risk of falling again in the short term, which would be the third 10 per cent correction since September. Because the market will be aware of the "bad news", that is, "the number of cases and deaths are increasing, but vaccines cannot be supplied on a large scale within 3-4 months".