Tom Lee Targets 7,700 as Earnings Growth and Weakening US Dollar Set Stage for Higher Equities in 2026

In a CNBC interview on January 28, 2026, Fundstrat's Tom Lee said faster earnings growth and a softer US dollar could push equities toward his 7,700 year-end target. He argued that valuations remain compressed relative to improving fundamentals, and highlighted cyclical sectors, financials and the so-called Mag 7 as key areas of focus despite potential volatility.