Tom Lee: Why August Is the Month the Market Recovers
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FundstratIndependent analyst profile- Source published
- 03 Aug 2026, 17:23 UTC
- Recorded by Tahlil Plus
- 03 Aug 2026, 18:17 UTC
AI-generated source summary
The analyst predicts a bullish trend for the S&P 500, targeting 8000 by the end of the year. The current price is 7489.72. The fail bound is set at 7333, below which the bullish thesis would be invalidated. This outlook is based on expectations of cooling inflation, particularly in housing and wages, which are considered key drivers of inflation. The analyst notes that while recent months have seen flat earnings, the anticipation is for a rebound driven by easing inflation. A 10% drawdown is considered the potential downside if the market fails to meet these expectations.
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