Tom Lee, in a CNBC interview, forecasted a volatile 2026 market with a strong rally by year-end. He anticipates a broad market upswing early in the year, benefiting equities, precious metals, and cryptocurrencies, provided market breadth remains robust. Lee expects a mid-year bearish phase, with a potential 15% to 20% pullback as markets test the new Federal Reserve Chair. However, he views this as a buying opportunity, predicting the S&P 500 could reach 7,700 points by year-end, mirroring a pattern of "joy, depression, and rally" seen in 2025.