BlockBeats news, on August 20, BitMine's new chairman Tom Lee released the latest market outlook report stating, “As we enter the last third of 2025, the most notable change is the Federal Reserve's dovish stance, and the ISM index will rise above 50, which lays the foundation for a strong market finish in 2025. So far this year, the S&P 500 index has risen by 9%, which is an impressive performance in any year. Looking ahead to the last few months of 2025, the market is expected to continue to maintain strong momentum overall.”
“2025 can actually be divided into three phases: the first phase is tariff concerns, from January to April; the second phase is a V-shaped rebound, from April to now; the third phase is the dovish Federal Reserve combined with ISM recovery. Tom Lee believes that the S&P 500 index will reach 6800-7000 points by the end of the year. However, this is not a straight line, as once interest rates reflect the Federal Reserve's dovish stance, this will be beneficial for the economy and the stock market.”