Keep pulling the thread on Tom Lee.
Fundstrat Global Advisors raised its year-end S&P 500 price target to 8,000.
Tom Lee predicts that the S&P 500 will experience a bear market-like correction in the fall before recovering.
The consensus for 2027 S&P 500 earnings has risen from $350 at the start of the year to the current level of $400.
Margin debt has increased 55% year-over-year, which is the fifth-highest increase in the last 70 years.
The SpaceX IPO offered only $75 billion of a company valued at over $1.5 trillion, resulting in a current float of only $90 billion.
Tom Lee predicts that over a trillion dollars of SpaceX shares will become available for trading by the end of the year as lock-ups expire.
SpaceX raised only $18 billion throughout its history as a private company before achieving a $1.5 trillion valuation.
Scott Galloway claims that OpenAI lost almost $40 billion last year, with an operating loss of around $21 billion.
Tom Lee's year-end S&P 500 target of 8,000 is based on a forecast of $400 in 2027 earnings and a 20x multiple.
Tom Lee's firm, Bitmine, purchased over $40 million worth of Ethereum.
According to data from Torsten Slok at Apollo, semiconductor stocks now constitute 19% of the S&P 500, an increase from below 10% in 2025.
Tom Lee predicts Bitcoin will surpass $100,000 and Ethereum will be over $5,000 by the end of the year.