Bitmine Chairman Tom Lee Sees S&P 500 Reaching 10,000 by Year-End, Warns of Sharp Autumn Correction

Fundstrat head of research and Bitmine chairman Tom Lee has long tracked U.S. equity flows and market sentiment, and his outlooks are closely watched by investors. He sees second-quarter corporate earnings and FOMO-driven buying by fund managers who missed the rally as key forces that could propel the S&P 500 higher.

Lee's latest forecast calls for a strong rebound in U.S. stocks in July, with the S&P 500 potentially testing 8,000 by year-end. However, he also warned of a possible sharp pullback and market shakeout from August through October, saying investors should be alert to the risk of a seasonal correction after the earnings-driven rally.