4 reasons why stocks can still climb ‘a lot’ more, according to renowned strategist Tom Lee

4 reasons why stocks can still climb ‘a lot’ more, according to renowned strategist Tom Lee

Tom Lee

Bloomberg TV

Tom Lee “” managing partner and head of research at Fundstrat Global Advisors “” broke down the four factors informing his belief that stocks can "still go up a lot."Among his reasons are the Fed and fiscal policy, a global labor shortage, and the growing population of millennials in the US."2020 is probably the start of a new bull market that might last 20 years," Lee said. Visit Business Insider's homepage for more stories.

Stocks have demonstrated "extreme resilience" in 2020, according to renowned strategist Tom Lee, who thinks they can "still go up a lot."

In a recent note to clients, the managing partner and head of research of Fundstrat Global Advisors broke down four factors factors driving this belief:

(1) Federal support and fiscal policy 

Lee said the Federal