The S&P 500 has three hurdles to clear before a move to 8,000, says this strategist
MarketWatch·
- Fundstrat strategist Tom Lee predicts the S&P 500 could rally toward the 7,900 to 8,000 level if upcoming macroeconomic and corporate events proceed without negative surprises.
- The three key hurdles for the market include July core PCE data, Nvidia's second-quarter earnings, and a speech by Fed Chair Kevin Warsh at the Jackson Hole symposium.
- Lee expects these events to confirm cooling inflation, reinforce AI conviction, and maintain a dovish Federal Reserve stance, supporting a broader market rally.