Tom Lee
Fundstrat Global Advisors
Photo: Xuthoria, CC BY-SA 4.0
3 of 12 correct
3 correct, 9 missed; 3 too vague to score; 10 still on the clock. Quotes in curly quotation marks are verbatim; everything else is a labeled paraphrase. Every call links its original source. Before you trust the call, check the record.
Since they said it
23 directional calls with a price to read (18 bullish, 5 bearish). 1 week later, with the call in 12 of 16; 1 month later, with the call in 10 of 16. Prices as of 2026-09-11. Three fixed windows, the same for every call, always shown together: one week, one month, three months after the first close that followed the tape. What the market did, not a score: a call can have a different horizon, and a view with no number or deadline is never graded here.
S&P 500 from 2026-06-08 to 2026-09-10 · ▲ bullish · ▼ bearish · dot = the close that day
| Date | Market | Call | What was said | 1 week | 1 month | 3 months |
|---|---|---|---|---|---|---|
| 2026-09-10 from 76,930 | Bitcoin | Bullish | I think it's going to be a really bullish period for crypto for the next 12 months | not yet | not yet | not yet |
| 2026-09-10 anchor: next close | S&P 500 | Bullish | overall I'd say I'm still very constructive for the next 12 months. But there's speed bumps ahead | not yet | not yet | not yet |
| 2026-09-10 anchor: next close | S&P 500 | Bearish (Leaning) | we started this year expecting some time later this year. So I guess now we're in the later part for there to be a market drawdown | not yet | not yet | not yet |
| 2026-09-10 anchor: next close | Nasdaq | Bullish (Leaning) | if someone says that that's a sign that the A.I. bubble is going to end badly I think then they're not really good students history | not yet | not yet | not yet |
| 2026-09-10 anchor: next close | Nvidia | Bullish | So I think it makes sense to say hey I want to own bottlenecks. I want to own things that grow with A.I. which is units | not yet | not yet | not yet |
| 2026-09-10 from 2,459 | Ether | Bullish | And that's why we're really bullish on Ethereum as well | not yet | not yet | not yet |
| 2026-09-10 from 99.65 | WTI crude | Bullish (Leaning) | my advice would be I think if someone's listening to this they should just keep it simple and stick with XLE | not yet | not yet | not yet |
| 2026-08-06 from 7,758 | S&P 500 | Bullish | I think that chase takes us towards $7900 to $8000. | +0.4% with the call | -1.1% against the call | not yet |
| 2026-08-03 from 7,737 | S&P 500 | Bullish | Yes, yeah, I think because as we start to look at 2027, there's a lot of the clouds that are heading this year kind of lift. You know, the SpaceX unlock will be behind us, and the market testing of the new Fed will be behind us, so I think... And then, of course, there's already been a leverage unwind, so I think 2027 could be one of the best years for the stock market. | -0.1% against the call | -0.9% against the call | not yet |
| 2026-08-03 from 7,737 | S&P 500 | Bearish | Yeah, something that'll feel like a bear market, you know, 10% kind of drawdown. | -0.1% with the call | -0.9% with the call | not yet |
| 2026-07-27 from 24,877 | Nasdaq | Bullish | “the AI trade remains still the most important story” | +6.9% with the call | +5.0% with the call | not yet |
| 2026-07-06 from 7,504 | S&P 500 | Bullish (Hedged) | “8,000 is doable this year… Because 8,000 would be roughly 20 times 2027 earnings of 400. I think that's a low estimate. I think the PE multiple could be 22 or better”; and: “between now and year end, there should be something that might feel like a bear market too. Not in July, but maybe between August and October” | +0.5% with the call | +2.9% with the call | not yet |
| 2026-07-03 from 7,537 | S&P 500 | Bullish | Yeah, we did raise our target to 8,000, but June to December, I think a lot of tests the market has to pass are going to be coming | -0.3% against the call | +2.6% with the call | not yet |
| 2026-07-03 from 26,121 | Nasdaq | Bullish (Hedged) | But I think in a couple of years, like residential construction will be transformed. Like I think homes will be built by artists and robots | -0.9% against the call | +1.8% with the call | not yet |
| 2026-07-03 from 7,537 | S&P 500 | Bearish (Leaning) | So we've been advising our clients to stay invested and we're still constructed because I think there's enough skepticism now. But even from that, whatever level we peek at, I think it's a big drawdown | -0.3% with the call | +2.6% against the call | not yet |
| 2026-07-03 from 62,554 | Bitcoin | Bullish | Similarly, I'm bullish on crypto because I think as agents and AI become a lot wealthier | +2.5% with the call | +1.5% with the call | not yet |
| 2026-07-03 from 386.7 | Microsoft | Bullish | I'm very confident both are going to play the future way smarter than the market believes at the moment | +1.1% with the call | +27.4% with the call | not yet |
| 2026-07-03 from 600.3 | Meta | Bullish | I'm very confident both are going to play the future way smarter than the market believes at the moment | +9.4% with the call | -2.1% against the call | not yet |
| 2026-07-03 from 1,757 | Ether | Bullish | I believe you're gonna see Bitcoin over 100,000 by the end of the year. And Ethereum back to over 5,000 | +2.2% with the call | +7.2% with the call | not yet |
| 2026-07-02 from 61,490 | Bitcoin | Bullish (Leaning) | “I believe you're gonna see Bitcoin over 100,000 by the end of the year. And Ethereum back to over 5,000”; also: “I think Bitcoin is like 5% below production cost right now” | +2.8% with the call | +2.1% with the call | not yet |
| 2026-07-02 from 7,537 | S&P 500 | Bullish (Leaning) | “I think near term, I think we can be 77, 7,800 first. And then a 10% to 15% pullback, but for understandable reasons” | -0.3% against the call | +2.6% with the call | not yet |
| 2026-07-02 from 7,537 | S&P 500 | Bearish (Leaning) | “I'm anxious about this market in a lot of ways, because I look at, you know, the Shiller PE as an example, which is extremely high right now, basically coming up on dotcom territory.” | -0.3% with the call | +2.6% against the call | not yet |
| 2026-07-02 from 26,121 | Nasdaq | Bearish (Hedged) | “a lot of these earnings that we're seeing that they hinge on these contracts with these AI companies whose ability to actually pay out on those contracts” | -0.9% with the call | +1.8% against the call | not yet |
Scored calls
Correct
S&P 500 ends 2025 at 6,600
Correct
Bitcoin 'comfortably over $100K... before the end of this year'
Correct
S&P 500 will climb to 4,750 by year-end 2023
Missed
S&P 500 to ~7,000 by mid-2025
Missed
S&P 500 will end 2024 at 5,200
Missed
“In the next 12 months it seems like small-caps can be up 50%” - Russell 2000 from ~1,996 to 3,000
Missed
“With the Fed doing a dovish pause, and CEOs getting more confident - that means M&A and IPOs - and people looking at other sectors, I do think the Russell can rise 50% this year”
Missed
Bitcoin will hit $150,000 by end of 2024
Missed
S&P 500 will rise 4% to a record 5,500 by the end of this month
Missed
Raised 2023 year-end target to 4,825; new all-time high above prior record before year-end
Missed
“I still think it could exit the year over $100,000” - Bitcoin
Missed
“...we think it could reach $25,000 by the end of the year” (Bitcoin)
Too vague
S&P 500 'could end the year at 5,700, maybe even higher'
Too vague
Bitcoin clearing price over $150K, 'could even be like $180,000', after a spot BTC ETF approval
Too vague
Ether to $62,000 if ETH/BTC reverts to a 0.25 ratio; $12,000 at the 8-year average ratio
On the clock
Written down and dated. Not judged until the deadline arrives.
“History shows that the SpaceX IPO should not actually mark the market top... I think the market's going to do well post IPO.”
S&P 500 since the call: ▲ +2.5% · 7,406 → 7,592 · as of 2026-09-10
Ether base case of $12,000 in 2026, tied to Bitcoin reaching $250,000 (headline call: ETH $250,000 - no deadline stated)
Ether since the call: ▲ +22.7% · 2,004 → 2,459 · as of 2026-09-11
S&P 500 to reach 7,700 in 2026, extending the bull market to a fourth year (with a possible 15-20% correction in H2 first)
S&P 500 since the call: ▲ +10.0% · 6,901 → 7,592 · as of 2026-09-10
“We did raise our target to 8,000” - S&P 500 year-end target 8,000 (“$400 in 2027 [earnings]… we traded 20 times that, that would be 8,000”)
S&P 500 since the call: ▲ +1.4% · 7,483 → 7,592 · as of 2026-09-10
“You're gonna see Bitcoin over 100,000 by the end of the year”
Bitcoin since the call: ▲ +28.3% · 59,968 → 76,930 · as of 2026-09-11
“And Ethereum back to over 5,000” (by end of year)
Ether since the call: ▲ +52.9% · 1,608 → 2,459 · as of 2026-09-11
“77, 7,800 first. And then a 10% to 15% pullback” - S&P sequence: 7,700-7,800 before a 10-15% pullback
S&P 500 since the call: ▲ +1.4% · 7,483 → 7,592 · as of 2026-09-10
“I believe you're gonna see Bitcoin over 100,000 by the end of the year.”
Bitcoin since the call: ▲ +28.3% · 59,968 → 76,930 · as of 2026-09-11
“And Ethereum back to over 5,000.” (immediately following the Bitcoin call)
Ether since the call: ▲ +52.9% · 1,608 → 2,459 · as of 2026-09-11
“8,000 is doable this year… Because 8,000 would be roughly 20 times 2027 earnings of 400. I think that's a low estimate. I think the PE multiple could be 22 or better.”
S&P 500 since the call: ▲ +0.7% · 7,537 → 7,592 · as of 2026-09-10
Where they stand
Views on the record but not scoreable bets: no single number and deadline to grade. Shown in their exact words, never scored.
BullishBitcoin & Crypto
Tom Lee expects a really bullish 12 months for crypto (cycle bottom, leverage returning, FOMO, possible Clarity Act, Wall Street on blockchain).
I think it's going to be a really bullish period for crypto for the next 12 months
Bitcoin since this was said: ▼ -1.7% · 78,283 → 76,930 · as of 2026-09-11
BullishThe S&P 500
Tom Lee tells Wealthion's Maggie Lake he remains very constructive on US stocks for the next 12 months despite speed bumps.
overall I'd say I'm still very constructive for the next 12 months. But there's speed bumps ahead
BearishThe S&P 500
Tom Lee still expects a US equity drawdown later in 2026 (midterms, testing of the Fed, leverage, sentiment).
we started this year expecting some time later this year. So I guess now we're in the later part for there to be a market drawdown
NeutralInflation
Tom Lee thinks there might be demonstrable progress on inflation by the end of 2026.
And I think that you know by the end of the year there might be demonstrable progress on inflation
NeutralInflation
Tom Lee expects Friday's August core CPI to come in around 2.3% year over year, well below core PCE at 3.3%.
When Friday comes around and we get the August number it's more likely to drop to two point three percent year over year core
HoldThe Fed
Tom Lee says with core CPI at 2.3% versus a 2% target the Fed need not hike, and that hiking would be fighting last year's war.
if people accepted that and they looked at core CPI at 2 3 versus 2 I think Waller is correct
BullishThe U.S. Economy
Tom Lee says the US economy looks really good, citing well-behaved high-yield spreads over the yield curve as a recession signal.
I think it looks really good. Now I'm going to point to something that has been a really good predictor of recessions
BullishAI, Jobs & Productivity
Tom Lee thinks AI can replace much of the work without eliminating jobs because most work time is unproductive anyway.
So could A.I. replace a lot of the work but we still have jobs. Probably the answer is yeah
BullishThe AI Trade
Tom Lee says hyperscaler debt issuance is not a sign the AI boom ends badly, since every growth industry was debt-financed.
if someone says that that's a sign that the A.I. bubble is going to end badly I think then they're not really good students history
BullishThe AI Trade
Tom Lee wants to own AI bottlenecks (Nvidia, semis, memory, energy, power) and things that grow with AI units.
So I think it makes sense to say hey I want to own bottlenecks. I want to own things that grow with A.I. which is units
BullishAI Winners & Chips
Tom Lee says software and the Mag 7 will be big downstream beneficiaries of AI.
you need to look at downstream ideas and that's software companies. It's the Mag 7. You know they're going to be really big beneficiaries of A.I.
BullishStock Picks
Tom Lee likes banks and small caps (Russell 2000) because AI is about to transform financial services and lift its multiples.
So I you know we like the banks and of course that's also why we like small caps because I I think financial banks are a big weight in the Russell 2000
BullishBitcoin & Crypto
Tom Lee, chairman of Ethereum-treasury Bitmine, is bullish on Ethereum as the lever for AI-driven financial-services change.
And that's why we're really bullish on Ethereum as well
Ether since this was said: ▼ -0.3% · 2,468 → 2,459 · as of 2026-09-11
BullishOil & Gas
Tom Lee tells retail to keep energy exposure simple through the XLE ETF rather than treating energy as a growth sector.
my advice would be I think if someone's listening to this they should just keep it simple and stick with XLE
WTI crude since this was said: ▼ -2.8% · 102.5 → 99.65 · as of 2026-09-11
BullishBitcoin & Crypto
Tom Lee says crypto, the best macro asset in Q3, might double again in Q4 2026 and could double again in 2027.
it's the best performing macro asset already in the third quarter and maybe it might double again in the fourth quarter and then it could double again next year
Bitcoin since this was said: ▼ -1.7% · 78,283 → 76,930 · as of 2026-09-11
BullishBitcoin & Crypto
Tom Lee recommends a 2% crypto/Bitcoin allocation, as Fundstrat has for more than a decade.
we've been advocating a 2 percent position for more than a decade
Bitcoin since this was said: ▼ -1.7% · 78,283 → 76,930 · as of 2026-09-11
BullishThe S&P 500
CNBC panel; post-deleveraging chase on strong earnings carries the S&P to 7,900-8,000 this month (August).
I think that chase takes us towards $7900 to $8000.
S&P 500 since this was said: ▼ -1.5% · 7,710 → 7,592 · as of 2026-09-10
BullishThe S&P 500
2027 one of the best years; 2026 closes above 8000 per affirmed host recap. EVENT: will, dated.
Yes, yeah, I think because as we start to look at 2027, there's a lot of the clouds that are heading this year kind of lift. You know, the SpaceX unlock will be behind us, and the market testing of the new Fed will be behind us, so I think... And then, of course, there's already been a leverage unwind, so I think 2027 could be one of the best years for the stock market.
S&P 500 since this was said: ▼ -0.1% · 7,600 → 7,592 · as of 2026-09-10
NeutralThe S&P 500
Pins the Korea crash on the ~45B-levered-to-150B unwind plus copycats.
I think it was a big factor, because as you know, Korea is basically two companies, Samsung and Heineck, so it's memory and semis. He, of course, had a very large following, so not only was his leverage on his $45 billion, let's say it was leveraged to $150 billion, but there was a lot of money piggybacking on his trade, so I think in some ways, you know, the unwind, and even last week was due to a lot of funds being aware that he might have been in trouble.
S&P 500 since this was said: ▼ -0.1% · 7,600 → 7,592 · as of 2026-09-10
BullishThe S&P 500
Coiled spring after the AI unwind; S&P ~7800 this month, confirmed 'Yeah, for the S&P'. EVENT: will, August 2026.
the stock market's kind of a coiled spring, and then we had a huge deleveraging, as you're talking about, because of the AI unwinding Korea's policymakers panicking. So I think the markets could actually rebound strongly this month. Like, maybe we get to $7,800.
S&P 500 since this was said: ▼ -0.1% · 7,600 → 7,592 · as of 2026-09-10
BearishThe S&P 500
Reconfirms the ~10 percent feels-like-a-bear-market drawdown call; answers 'Yes' when asked if intact.
Yeah, something that'll feel like a bear market, you know, 10% kind of drawdown.
S&P 500 since this was said: ▼ -0.1% · 7,600 → 7,592 · as of 2026-09-10
CNBC, asked whether the fund's forced selling caused the Korea crash.
not only was his leverage on his $45 billion, let's say it was leveraged to $150 billion, but there was a lot of money piggybacking on his trade, so I think in some ways, you know, the unwind, and even last week was due to a lot of funds being aware that he might have been in trouble.
BullishAi Market
despite the durability doubts. importance claim; the direction lives in his adjacent still-in-very-good-shape line
“the AI trade remains still the most important story”
Nasdaq since this was said: ▲ +4.6% · 24,932 → 26,082 · as of 2026-09-10
BullishThe AI Trade
why he doubts capex cuts. 'the cuts' = capex cuts, never rate cuts; keep attached
“I'd be doubtful that there would be the cuts because these companies still have access to the bond market”
Nasdaq since this was said: ▲ +4.6% · 24,932 → 26,082 · as of 2026-09-10
BearishMargin Debt
the caution inside his bull case. STRENGTH corrected firm->leaning: a scoped caveat from a bull
“I think the second big story out there is that margin debt still needs to work off that high level”
BullishThe S&P 500
“8,000 is doable this year… Because 8,000 would be roughly 20 times 2027 earnings of 400. I think that's a low estimate. I think the PE multiple could be 22 or better”; and: “between now and year end, there should be something that might feel like a bear market too. Not in July, but maybe between August and October”
S&P 500 since this was said: ▲ +0.7% · 7,537 → 7,592 · as of 2026-09-10
BullishThe S&P 500
On the banks' stablecoin consortium and what it means for Circle:
“I think second quarter earnings are going to surprise to the upside again. So the market's going to get cheaper again.”
S&P 500 since this was said: ▲ +0.7% · 7,537 → 7,592 · as of 2026-09-10
BullishThe S&P 500
Tom Lee tells the Prof G hosts Fundstrat raised its S&P 500 target to 8,000 but expects a severe correction between June and December first.
Yeah, we did raise our target to 8,000, but June to December, I think a lot of tests the market has to pass are going to be coming
S&P 500 since this was said: ▲ +1.4% · 7,483 → 7,592 · as of 2026-09-10
NeutralThe S&P 500
Lee says 2027 S&P earnings consensus rose from $350 to $400 so the market got cheaper (PE 19.4 to 18.4) despite a 9% gain.
at the start of this year, 2027 S&P earnings consensus, and very similar to ours, was $350. And now it's currently $400. So it's risen by $50 and the PE on 2027 earnings was at 19.4 at the start of the year. It's now at 18.4
S&P 500 since this was said: ▲ +1.4% · 7,483 → 7,592 · as of 2026-09-10
BullishThe S&P 500
Lee says it makes sense to stay constructive on US stocks because earnings can revise higher on AI/energy infrastructure, onshoring and government spending.
I think it makes a lot of sense to be constructive here because I do think there's room for earnings to further revise higher for the U.S.
S&P 500 since this was said: ▲ +1.4% · 7,483 → 7,592 · as of 2026-09-10
NeutralThe S&P 500
Lee says margin debt is up 55% year over year, about the fifth-highest increase in 70 years, a mid-year risk for stocks.
In fact, it's risen 55% year over year. That is, I think, the fifth highest year over year increase ever in almost 70 years
S&P 500 since this was said: ▲ +1.4% · 7,483 → 7,592 · as of 2026-09-10
BullishThe Crash Question
Lee says the sector-adjusted Shiller PE is not as stretched as the headline and has room to go higher.
So I think we have room for the Shiloh PE to be higher
S&P 500 since this was said: ▲ +1.4% · 7,483 → 7,592 · as of 2026-09-10
NeutralPrivate Credit
Lee says tight high-yield and IG spreads signal excess liquidity rather than stress, and he would watch credit before equities crack.
But I think credit is probably telling us there's actually still too much liquidity out there
BearishSpaceX
Lee says over $1 trillion of SpaceX stock unlocks by year-end, a large supply overhang for the market.
But by the end of the year, over a trillion should be available. I think that that for the public and for the general market, that is a lot of supply
BullishThe U.S. Economy
Lee says the IPO wave boosts the economy via wealth effect and stocks do well until lockup supply hits.
My take is that the broad economy is going to benefit from all these IPOs because it's massive wealth unlock. The stock market will do well until the unlocks happen because at that point when the unlocks happen, you have to absorb all that supply
BullishSpaceX
Lee says SpaceX's IPO is a huge success and is not why OpenAI/Anthropic paused theirs.
I actually think SpaceX is a huge success. So I don't think SpaceX has anything to do with open AI and anthropic slowing their IPOs
BullishThe AI IPOs
Lee says OpenAI or Anthropic IPOs would be very successful if they went public.
I think if open AI was to go public or anthropic, their IPOs would be very, very successful
BullishThe S&P 500
Lee says even if OpenAI/Anthropic stumbled, 2027 S&P earnings would not fall far short of $400.
if they were to, let's say, stumble here, I think S&P earnings wouldn't fall that much short of the 400
S&P 500 since this was said: ▲ +1.4% · 7,483 → 7,592 · as of 2026-09-10
BullishThe AI Trade
Lee says dexterous robots will transform residential construction within a couple of years.
But I think in a couple of years, like residential construction will be transformed. Like I think homes will be built by artists and robots
Nasdaq since this was said: ▲ +1.0% · 25,833 → 26,082 · as of 2026-09-10
BearishThe S&P 500
Lee says he is still constructive and advising clients to stay invested, but expects a big H2 drawdown from whatever peak the market reaches.
So we've been advising our clients to stay invested and we're still constructed because I think there's enough skepticism now. But even from that, whatever level we peek at, I think it's a big drawdown
S&P 500 since this was said: ▲ +1.4% · 7,483 → 7,592 · as of 2026-09-10
BullishStock Picks
Lee says the de-rating of MAG7 and IGV software stocks makes their risk-reward attractive as downstream AI beneficiaries.
So to us, it's the D rating that's taken place, and all of those stocks that tells us the risk-reward is really attractive
BullishBitcoin & Crypto
Lee says he is bullish on crypto because blockchain will be how humans control the wealth of AI agents.
Similarly, I'm bullish on crypto because I think as agents and AI become a lot wealthier
Bitcoin since this was said: ▲ +25.1% · 61,490 → 76,930 · as of 2026-09-11
BullishStock Picks
Lee says Microsoft will navigate the AI pivot better than the market believes.
I'm very confident both are going to play the future way smarter than the market believes at the moment
Microsoft since this was said: ▲ +26.1% · 390.5 → 492.4 · as of 2026-09-10
BullishStock Picks
Lee says Meta will navigate the AI pivot better than the market believes.
I'm very confident both are going to play the future way smarter than the market believes at the moment
Meta since this was said: ▲ +10.5% · 582.9 → 644.4 · as of 2026-09-10
BullishThe AI Trade
Lee says semiconductors may be in a structurally new cycle driven by robots, with good visibility for 2026-27.
I might guess that semiconductors are in a new cycle, a new story
Nasdaq since this was said: ▲ +1.0% · 25,833 → 26,082 · as of 2026-09-10
BullishGlobal Equities
Lee says AI-infrastructure partners like Korea and Taiwan have higher beta to the AI build and should outperform.
So to me, structurally, it makes sense that some countries should outperform because they might have higher beta to this structural story
BullishBitcoin & Crypto
Lee says Bitcoin will be over 100,000 by year-end.
I believe you're gonna see Bitcoin over 100,000 by the end of the year. And Ethereum back to over 5,000
Bitcoin since this was said: ▲ +25.1% · 61,490 → 76,930 · as of 2026-09-11
BullishBitcoin & Crypto
Lee says Ethereum will be back over 5,000 by year-end.
I believe you're gonna see Bitcoin over 100,000 by the end of the year. And Ethereum back to over 5,000
Ether since this was said: ▲ +44.8% · 1,699 → 2,459 · as of 2026-09-11
NeutralBitcoin & Crypto
Lee says if Bitcoin does not bounce June-September (a fourth down quarter), something may be broken.
So this would be a test that if they don't bounce from June to September, then you're right, maybe something's broken
Bitcoin since this was said: ▲ +25.1% · 61,490 → 76,930 · as of 2026-09-11
NeutralBitcoin & Crypto
Lee says Bitcoin trades about 5% below mining production cost; 50% below would break the network.
And I think Bitcoin is like 5% below production cost right now
Bitcoin since this was said: ▲ +25.1% · 61,490 → 76,930 · as of 2026-09-11
BullishThe S&P 500
Fundstrat raised S&P year-end target to 8,000 ($400 2027 earnings x 20 multiple) BUT expects a severe correction first; markets frontload negative shocks
Tom Lee · Fundstrat Global Advisors · Prof G Markets (yt kL3CAFG5MiIS&P 500 since this was said: ▲ +1.4% · 7,483 → 7,592 · as of 2026-09-10
BullishBitcoin & Crypto
Bitcoin over 100,000 by end of year and Ethereum back to over 5,000 (from ~58K / ~1,600 now)
Tom Lee · Fundstrat Global Advisors · Prof G Markets (yt kL3CAFG5MiIBitcoin since this was said: ▲ +28.3% · 59,968 → 76,930 · as of 2026-09-11
BearishSpaceX
SpaceX share unlock is the H2 risk: float ~$90B now, over $1 trillion available by year-end; IPO liquidity unlock starts in the fall
Tom Lee · Fundstrat Global Advisors · Prof G Markets (yt kL3CAFG5MiIBullishBitcoin & Crypto
“I believe you're gonna see Bitcoin over 100,000 by the end of the year. And Ethereum back to over 5,000”; also: “I think Bitcoin is like 5% below production cost right now”
Bitcoin since this was said: ▲ +28.3% · 59,968 → 76,930 · as of 2026-09-11
BullishThe S&P 500
“I think near term, I think we can be 77, 7,800 first. And then a 10% to 15% pullback, but for understandable reasons”
S&P 500 since this was said: ▲ +1.4% · 7,483 → 7,592 · as of 2026-09-10
BearishThe Crash Question
“I'm anxious about this market in a lot of ways, because I look at, you know, the Shiller PE as an example, which is extremely high right now, basically coming up on dotcom territory.”
S&P 500 since this was said: ▲ +1.4% · 7,483 → 7,592 · as of 2026-09-10
BearishThe AI Trade
“a lot of these earnings that we're seeing that they hinge on these contracts with these AI companies whose ability to actually pay out on those contracts”
Nasdaq since this was said: ▲ +1.0% · 25,833 → 26,082 · as of 2026-09-10
BullishThe S&P 500
“But as long as the economy isn't breaking, whatever correction we have will be V-shaped.”
S&P 500 since this was said: ▲ +1.4% · 7,483 → 7,592 · as of 2026-09-10
BullishAI Winners & Chips
“every month that passes, there's a compounding benefit taking place to people who are downstream of AI”
MixedThe S&P 500
Favorable now, but an abrupt bear-market-like change later in 2026
Tom Lee · Fundstrat Global Advisors · CNBCS&P 500 since this was said: ▲ +1.2% · 7,501 → 7,592 · as of 2026-09-10
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© 2026 Pundit Rumble · independent and unaffiliated · updated every market morning · not investment advice.
We write down what public figures predict, in their exact words, and check the result when the deadline arrives. Every line links to its source. How we score · Corrections · The scoreboard · The data
© 2026 Pundit Rumble · independent and unaffiliated · updated every market morning · not investment advice.