Tom Lee, founder of Fundstrat Global Advisors, predicts that the S&P 500 index will return to the 7,900 to 8,000 point range by the end of August and set a new record. In a report released on Friday, Lee listed several reasons driving the market's rapid rebound. He pointed out that the Federal Reserve did not have an interest rate meeting this month, and the July non-farm payrolls report was weaker than expected, and inflation is cooling down. These factors may have changed the market's expectations for recent interest rate hikes and become a catalyst for the rise in the index. In addition, Lee believes that a strong second-quarter earnings season, improving profit prospects for 2027, and his judgment that the artificial intelligence-related deleveraging process is coming to an end will also provide additional support to the S&P 500 index.

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