Analyst: S&P 500 Will Surge 16% In 2021

An analyst for Fundstrat say that US stocks are set to continue their bull run in 2021.

On Thursday, Fundstrat's Tom Lee released its 2021 outlook.

He outlined how the S&P 500 could surge 16% to 4,300 by the end of next year.

Pent-up demand due to the COVID-19 pandemic leads to a stronger-than-expected recovery in GDP.

A surge in demand from consumers could be sparked by a "pandemic finale." Business Insider says declining volatility and low interest rates are also supportive of the stock market.