S&P 500 to hit 8,000 by year end: Tom Lee

Fundstrat’s Tom Lee highlighted SK Hynix’s ADR listing on the Nasdaq while also warning to expect a significant U.S. market correction later this year. Despite the near-term pullback risk, he still forecasts the S&P 500 rallying to 8,000, implying a volatile but ultimately constructive medium-term backdrop.

Analysis

Fundstrat’s Tom Lee highlighted SK Hynix’s ADR listing on the Nasdaq while also warning to expect a significant U.S. market correction later this year. Despite the near-term pullback risk, he still forecasts the S&P 500 rallying to 8,000, implying a volatile but ultimately constructive medium-term backdrop.