Fundtrat's Tom Lee says S&P 500 could hit 8,000 by end of August
Speakers
Tom Lee
— Managing Partner & Head of Research, Fundstrat
Dan Greenhaus
— Chief Strategist, ICAP
Summary
Tom Lee of Fundstrat sees the S&P 500 reaching 7,900–8,000 by the end of August, driven by a chase rally following a deleveraging reset, strong earnings, cooler inflation expectations, and persistent AI momentum. Dan Greenhaus of Solus echoes the bullish backdrop, highlighting broad-based earnings strength, healthy consumer spending, and multi-sector participation including financials and industrials.
- Tom Lee calls for S&P 500 to hit 7,900–8,000 in August after a forced deleveraging left cash on the sidelines.
- He cites strong earnings, cooling inflation, and AI tailwinds as catalysts for a market chase.
- Dan Greenhaus notes that earnings are beating estimates broadly, with 2027 S&P 500 EPS possibly reaching 425.
- Greenhaus underscores that non-tech earnings are also solid, and AI demand is spreading to industrials like Eaton and 3M.
- Financials, regional banks, insurance, and card companies are all signaling consumer resilience.
- Jobless claims have stayed below 200,000 for two consecutive weeks, supporting the positive macro backdrop.
Ideas
S&P 500 to 8,000 on chase rally
A deleveraging event a few weeks ago left heavy cash on the sidelines and bearish sentiment. Strong earnings, cooler-than-expected inflation, and ongoing AI strength are triggering a chase that can push the S&P 500 to 7,900–8,000 by the end of the month.
