Expect the S&P 500 to reach new all-time highs in August, says Fundstrat's Tom Lee

About this Video

• Video Title: Expect the S&P 500 to reach new all-time highs in August, says Fundstrat's Tom Lee
• Channel: CNBC Television
• Speakers: Tom Lee
• Duration: 00:04:30

Introduction

This CNBC interview features Tom Lee, head of research at Fundstrat, discussing his bullish outlook on the S&P 500 despite recent market retrenchment and signs of economic slowdown. He analyzes recent economic data and the Federal Reserve's potential responses, maintaining his prediction of significant market growth.

Key Takeaways

• Market Consolidation: Lee views last week's market dip as a consolidation period following a 28% gain from April lows.
• Federal Reserve's Response: He anticipates the Fed will adopt a more dovish stance due to softening labor market data, potentially stimulating the housing market.
• Inflation Outlook: Lee believes inflation, particularly when excluding housing, remains low, suggesting the Fed may need to cut rates. He downplays the impact of tariffs on inflation.
• S&P 500 Prediction: Lee predicts a strong rally in August, potentially reaching new all-time highs, followed by further growth to 7000 in the next 12 months.
• Bitmain Investment: Lee announces a substantial investment in Bitmain, reaching nearly $3 billion in ETH, and mentions further investments from prominent figures like Bill Miller.