Tom Lee Predicts S&P 500 at 8,000 as Ethereum Eyes Breakout

Fundstrat's Tom Lee predicts the S&P 500 will reach 7,900 to 8,000 in August, citing strong corporate earnings, improving sentiment, and AI spending. He identified Ethereum, Magnificent Seven stocks, and software companies as potential leaders. Lee said a deleveraging event left sentiment excessively bearish, but easing pressures could drive stocks higher.