Tom Lee: S&P 500 may reach 8,000 points by the end of August

Tom Lee indicated that the S&P 500 index was likely to reach 8,000 points by the end of August because of the widespread rebound in the market driven by artificial intelligence demand, strong corporate profitability and a cooling of inflation. However, Lee still foresees a possible 10 per cent reversal, owing to record bond debt, uncertainty in the bond market, mid-term elections and further SpaceX stock unlocking。