Tom Lee is bullish on US equities driven by AI, energy independence, and demographic tailwinds. He sees S&P 500 earnings adding $40/year, translating to 800 index points. He expects a near-term rally to 7700, a midterm-driven pullback (June-Oct), then a strong rally. He defends crypto using network usage and gold-comparison valuation models.
Yields
explicit
implicit
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USD
Fundstrat
6.5
Market Research Firm
Tom Lee 9.0
Market Research Firm
Tom Lee 9.0
6/1/2026 3:05:38 PM
metals
Lee uses gold as a benchmark for Bitcoin valuation, saying if gold hits $5000, Bitcoin would be ~$2M. This implies a bullish long-term view on gold prices.
ndx
S&P earnings $40/year, 20x multiple adds 800 points. Near-term 7700, then pullback, then strong rally from October.
| 5/6/2026 11:28:50 PM | medium term up | 20 days later | +4.93% | +4.93% |
| 5/2/2026 12:03:26 AM | short term up | 7 days later | +6.04% | +6.04% |
| 4/9/2026 12:21:52 AM | medium term up | 20 days later | +9.30% | +9.30% |
| 1/21/2026 11:11:31 PM | medium term cautious down | 20 days later | -1.24% | +0.62% |
| 11/14/2025 11:23:51 PM | medium term cautious up | 21 days later | +3.34% | +1.67% |
| 11/10/2025 10:53:49 PM | short term up | 6 days later | -2.87% | -2.87% |
| 10/6/2025 2:52:07 PM | medium term up | 20 days later | +3.95% | +3.95% |
| 9/15/2025 11:21:47 PM | medium term up | 20 days later | +2.90% | +2.90% |
| 8/22/2025 6:28:53 PM | short term up | 8 days later | -0.83% | -0.83% |
| 8/13/2025 3:51:26 PM | short term up | 5 days later | -1.88% | -1.88% |
| 8/4/2025 10:55:29 PM | short term sharp up | 6 days later | +2.21% | +3.31% |
| 8/4/2025 4:19:52 PM | short term up | 6 days later | +2.21% | +2.21% |
rut
Lee's bullish view on US economy, AI benefiting American businesses, and broad market gains implies small caps also benefit, though not explicitly mentioned.
wti
Lee says 'America can deal with high oil because we're not going to have a shortage of it' - implies oil prices are manageable, not expected to spike sharply.
