ChainCatcher report: Tom Lee stated on CNBC that the market bottom has been established, noting that equities did not decline during prior escalations in conflict and rising oil prices, and that the current situation is de-escalating. He expects the S&P 500 to reach 7,300 by year-end, a 7.6% increase from current levels, and remains bullish on the technology, software, energy, and financial sectors. U.S. stocks rose broadly on Wednesday following the U.S.-Iran agreement on a two-week ceasefire. The Dow Jones Industrial Average surged over 1,300 points, marking its best single-day gain since April 2025; WTI crude oil futures dropped more than 16%, the largest single-day decline since April 2020.
Tom Lee Confirms U.S. Stock Market Bottom, Forecasts S&P 500 to Reach 7,300 by Year-End
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Summary
Tom Lee cited the Fear & Greed Index as stabilizing, confirming that the U.S. stock market has hit its bottom. He expects the S&P 500 to reach 7,300 by year-end, a 7.6% increase, with strong altcoins to watch in technology, software, energy, and finance. U.S. stocks surged sharply on Wednesday as tensions between the U.S. and Iran eased. The Dow jumped over 1,300 points, its best daily gain since April 2025, while WTI crude fell 16%, its largest single-day drop since 2020.
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