S&P 500 Might Skyrocket—Fundstrat’s Tom Lee Talks Market Madness, Institutional FOMO & What’s Next

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It was upon a languid morning, between the inexorable ticks of the closing bell, that Tom Lee, the oracle of Fundstrat, surveyed the broad steppes of the S&P 500 and pronounced, with the unshakeable confidence only Wall Street sages possess, that the journey was hardly at its end. One may suppose that numbers, like peasants, plough stubbornly onward, and yet—Lee saw the fields ripe for a mighty harvest, prophesying a sortie to heights of 6,800 in the seasons ahead.

The reason, he claimed before the stern tribunal of CNBC, was as simple as a Russian winter—money, like so many serfs fleeing a harsh master, would race forth once the Federal Reserve took its shears to the rates. The land would be awash in cheap rubles—er, dollars—and what is a prudent institution to do at such a time? Remain in the stables? Hardly! To be bearish when trumpets are blaring all-time highs is, apparently, as unthinkable as having an empty vodka bottle at a wedding. 😏

Lee, with a glint in his eye, spoke gravely of FOMO, that accursed modern malady:

“People always quarrel about new highs, but how can Nikita in the big bank office resist when the market spirit is so contagious? Institutional asset managers, those stoic generalissimos of capital, have no honorable retreat now; they must plunge into the melee. Once the market flirts with all-time highs, the entire battalion must add risk—or else face FOMO, the modern Tsar no portfolio manager dares to underestimate.”

And then, with the patience of an estate overseer discussing next year’s grain taxes, Lee summarized the peculiar psychology behind the gold rush:

“It’s merely a matter of changing one’s spectacles, for if the market is but 5% higher than when the snow began to thaw, surely it can gain another 5% before winter returns. The Fed is gentle, tariff wolves are howling elsewhere, and if one squints at multiples long enough, entire fields of opportunity arise. There is no shortage of companies to buy—especially if one enjoys a little risk with their morning tea. 🤷‍♂️”

Hence, last week’s triumph—another all-time high for our heroic S&P 500, standing tall at the jagged summit of 6,263.26 (more impressive than Pierre Bezukhov’s dance partners, arguably), a brave 0.6% in a day, and 1% the last five. And so, under the ever-watchful sky, the dance continues. Are you not entertained?

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2025-07-10 12:32