TOM LEE JUST NOW:
- Sees S&P 500 reaching $7700 in 2026- The Fed is weighing the downside risk to the labor market (the Fed put) and now stopping QT which is good for markets- Small caps and Financials hitting record highs which is strong for the broadening of the market- Wall of Worry is supported by: fears of an AI bubble and Supreme Court overturning tariffs creating more uncertainty in policy direction- Thinks tech will digest gains from this year into early next year which could lead to rotation into different sectors, leading to bearish sentiment on tech which is strong for the broadening thesis and continues to support the wall of worrySource: amit
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