Lee: S&P 1,900 Possible in 12 Months

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The upside on the S&P 500 index in the next six to 12 months could be 1,800 or even 1,900, Thomas Lee, chief U.S. equity strategist at JPMorgan Chase, told CNBC's Squawk Box. A move to 1,900 would represent a 12 percent increase from current levels.

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