S&P 500 At 7,300? Tom Lee Sees Year-End Target In Sight Despite Possibility Of 'Inflation Shock'

Fundstrat's Tom Lee keeps a bullish S&P 500 target of 7,300, arguing the market has bottomed and is positioned to reach new record highs. He simultaneously warns of a looming macroeconomic "inflation shock," signaling upside for equities is tempered by inflation-driven risks to monetary policy and interest rates.

Analysis

Fundstrat's Tom Lee keeps a bullish S&P 500 target of 7,300, arguing the market has bottomed and is positioned to reach new record highs. He simultaneously warns of a looming macroeconomic "inflation shock," signaling upside for equities is tempered by inflation-driven risks to monetary policy and interest rates.