<\/p>\n
Fundstrat\u2019s Tom Lee says the stock market is headed for an \u201cabrupt change of market conditions\u201d later this year, even as he believes current conditions remain favorable for stocks.<\/span><\/p>\n Lee made the comments<\/a> in a CNBC interview following the Federal Reserve\u2019s June 17 meeting, where new Fed Chair Kevin Warsh held his first press conference and dropped the central bank\u2019s forward guidance on interest rates.<\/span><\/p>\n According to Lee:<\/span><\/p>\n \u201cWe still believe later this year there is going to be an abrupt change of market conditions, one that feels very much like a bear market. But we don\u2019t want to stand and call a top. I think conditions are still favorable for stocks.\u201d<\/span><\/i><\/p>\n Lee said the S&P 500 sits at 7,500 and pointed to the SpaceX IPO as a sign that risk appetite remains intact, noting the company has a float of just $90 billion.<\/span><\/p>\n He outlines three forces he expects to test markets later in the year: scrutiny tied to the Fed\u2019s new five-task-force review process, additional share unlocks from the SpaceX, Anthropic and OpenAI IPOs, and supply chain shortages stemming from disruptions in the Strait of Hormuz. <\/span><\/p>\n A fourth catalyst, Lee says, would be speculative capital running dry, evidenced by stretched margin debt or a rush of cash to the sidelines.<\/span><\/p>\n Lee says he doesn\u2019t see signs that investors are bullish enough yet for that fourth condition to be in place.<\/span><\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Fundstrat\u2019s Tom Lee says the stock market is headed for an \u201cabrupt change of market conditions\u201d later this year, even as he believes current conditions remain favorable for stocks. Lee made the comments in a CNBC interview following the Federal Reserve\u2019s June 17 meeting, where new Fed Chair Kevin Warsh held his first press conference […]<\/p>\n","protected":false},"author":2,"featured_media":431722,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-431719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/431719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=431719"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/431719\/revisions"}],"predecessor-version":[{"id":431723,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/431719\/revisions\/431723"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/431722"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=431719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=431719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=431719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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