Tom Lee Predicts S&P 500 at 8,000 as Ethereum Eyes Breakout

Fundstrats Tom Lee expects the SP 500 to reach 7,900 to 8,000 in August, arguing that strong corporate earnings, improving investor sentiment, and continued artificial intelligence spending could fuel another leg higher. He also identified Ethereum, Magnificent Seven stocks, and software companies as potential leaders of the rally. Speaking on CNBC, Lee said a deleveraging event several weeks ago forced investors to raise cash and left market sentiment excessively bearish. With those pressures easing, he believes investors sitting on the sidelines could begin chasing stocks higher as earnings…  Read more

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