Tom Lee: It is expected that the US stock market will strengthen in July, and the S&P may rise to 8000 points within 500 years According to BlockBeats, on July 6th, Tom Lee, the chairman of BitMine, the largest treasury of Ethereum, stated in an interview with CNBC that he expects the US stock market to perform stronger in July, as market valuations are more reasonable than before and investor sentiment has not reached an overly bullish state. July will enter the second quarter financial reporting season, and the first quarter corporate profits are significantly better than expected. At present, the market P/E ratio is about 1.1 percentage points lower than January. He expects that the second quarter profit will still exceed expectations, further reducing market valuation and leaving room for P/E ratio expansion. Therefore, he believes that July will be a month with stronger stock performance. Regarding whether the S&P 500 index can reach 8000 points within this year, Tom Lee stated that this goal can be achieved. He stated that 8000 points roughly corresponds to a 2026 earnings per share of $400, with a P/E ratio of approximately 20 times. However, he believes that this profit expectation is low, and the P/E ratio may reach 22 times or higher, which means that the upward potential by the end of the year may even reach 8400 to 8800 points. However, Tom Lee also stated that there may be a "bear market like" correction in the market from now until the end of the year, which could occur between August and October instead of July. Many fund managers have underperformed the benchmark this year, with only 23% currently outperforming the growth stock index, the lowest level in nearly five years. Therefore, there may be more demand for buying on dips in July. Tom Lee added that although the decline from February to April this year was only about 7%, it already gave people a bear market like feeling; Later this year, factors such as the Federal Reserve's new framework and the gradual unlocking of SpaceX stocks may test the market. [Original link]