Lee Sees 8,000 for S&P 500, Bets on Ethereum Rally

Fundstrat's Tom Lee is predicting that the S&P 500 will reach 7,900-8,000 by the end of August. He attributes this to strong earnings, improving sentiment, and continued AI spending.

Lee points out that corporate results have been beating expectations, with current-quarter earnings running more than $15 above initial estimates. Expectations for 2027 have also moved higher, reaching around 410, potentially reaching 425 later in the season.

In addition to equities, Lee believes Ethereum could lead the next rally, alongside the Magnificent Seven and software stocks. This is not a claim that ETH will drive the S&P 500 towards 8,000, but rather a broader risk-asset call.