Fundstrat’s Head of Research Tom Lee joins CNBC’s Closing Bell to break down the latest market action and why he still sees upside for U.S. equities heading into year-end.

AI-generated source summary

The analysis balances concerns about government shutdowns and labor market conditions against the positive momentum of AI. According to the video, The S&P 500 is in a zigzag pattern but expected to reach 7000 by year-end, AI is driving the market, and pullback opportunities get bought. The analyst mentions that market skepticism has diminished, with stocks having priced in good news. The discussion extends to the sustainability of the AI rally, asserting that AI’s payback, measured by return on investment, has improved. Specifically, NVDA's PE is said to be lower than other established companies. International exposure is also taken into account in the analysis, and that tech will continue to lead the market. A 3-5% pullback could open good long positions.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   10 Oct 2025, 01:47 UTC

   The analyst published the original source item.

2. First prediction resolved

   10 Oct 2025, 13:30 UTC

   The first evaluable outcome in this case reached a terminal result.

3. Case evaluation completed

   10 Oct 2025, 19:30 UTC

   All evaluable predictions in this case reached terminal outcomes.

4. Source recorded by Tahlil Plus

   18 May 2026, 20:23 UTC

   The public source was preserved as the evidence record for this case.

5. Market predictions extracted

   18 May 2026, 20:47 UTC

   3 eligible signals linked to this case.

6. Outcome tracking started

   02 Jul 2026, 02:11 UTC

   Tahlil Plus began monitoring the extracted predictions.