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Stock forecast: Bull bets on Millennials, blockchain

Stock forecast: Bull bets on Millennials, blockchain

Most Wall Street pros are bullish on 2018. But it’s the investment themes that one specific bull sees driving markets higher that’s eye-catching. Thomas Lee, head of research at FundStrat Global Advisors in New York, released his 2018 outlook report Thursday and sees the Standard & Poor’s 500 stock index climbing to 3,025 by the end of the year. That’s 13% higher than where stocks ended 2017 and more than 9% above Thursday’s close of 2768. The large-stock index is up 3.5% this year. So what does Lee like and what is he betting on? Millennials, for starters. Despite this younger generation’s well-chronicled personal finance challenges, Lee thinks this group, which is heading into its prime earning