Tom Lee Sees S&P 500 Hitting 8,000 by Year-End After 10-15% Correction

Tom Lee of Fundstrat now projects the S&P 500 will reach 8,000 by the end of 2026 following an expected 10-15% pullback, potentially to 7,700. The forecast builds on Wells Fargo’s June 30 and July 1 calls for 22% Q2 earnings growth and nearly 25% full-year 2026 expansion, both powered by AI infrastructure spending. Ed Yardeni reinforced the bullish case on July 7 with an 8,250 year-end target, citing 12.8% Q1 profit growth and consensus $400 2027 earnings at a 20x multiple. Lee highlighted $7 trillion in sidelined cash as support for the rebound once the healthy consolidation ends.