Original title: former Chief Equity strategist at JPMorgan Chase: in 2038, the S & P 500 Index will soar 362%. Source: capital State.

On June 7th, Capital Bond learned that Tom Lee (Tom Lee), a former chief equity strategist at JPMorgan Chase and founder of Fundstrat Global Advisor, predicted that the S & P 500 could soar 362% to 19350 by 2038.

As of June 4, local time, the S & P 500 was at 4229.89.

"millennials will be the main incremental and additional driver of US economic growth, and better growth equals better stock returns," Tom Li also said in the report.

He listed four reasons for advising investors to increase their holdings, including the Fed's dovish stance and institutional investors sitting on the sidelines with $3.2 trillion (which could eventually flow into the market).

He believes that as the prime age of millennials (30-50) is not expected to peak until 2038, the stock market should have a long growth in the future.

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Key words: us stocks S & P 500 JPMorgan Chase