Finance

Tom Lee: Market bottomed; S&P 7,300 by year-end on Iran ceasefire hopes

Fundstrat's Tom Lee argues the market has bottomed and could lift toward new highs as geopolitics calm. He projects the S&P 500 hitting 7,300 by year-end if the Iran conflict de-escalates and risk appetite returns.

📅 April 08, 2026
⏱️ 2 min read
Tom Lee: Market bottomed; S&P 7,300 by year-end on Iran ceasefire hopes

Key Takeaways

  • Tom Lee says the market has bottomed and eyes a 7,300 S&P 500 by year-end
  • Dow surges more than 1,300 points on ceasefire news, its best day since April 2025
  • WTI crude declines over 16% on ceasefire optimism, largest intraday drop since 2020
  • Leadership could come from the Magnificent Seven, software names, energy and financials
  • Ethereum leads as the top-performing asset class since the war began; CNBC Mag 7 Index and XLF rise over 2%

People Involved

  • Tom Lee Head of Research, Fundstrat Global Advisors

Entities Involved

  • Fundstrat Global Advisors Market research firm behind Tom Lee's call
  • CNBC Mag 7 Index Market index referenced in performance notes
  • XLF SPDR Financial Select Sector ETF, tracking financials

MarketMoodz Analysis

A bottoming call from a respected strategist can shift portfolio thinking toward cyclicals and secular growth, particularly if breadth improves alongside easing inflation and policy signals. If Lee's view is supported by broader participation in gains and favorable valuations, stocks could extend beyond 7,300 on the S&P 500 as leadership rotates into tech giants, software, energy and financials.

Historically, a bottom and breadth-driven rally has required disinflation trends and credible policy guidance to sustain momentum. The Magnificent Seven often anchor late-stage rallies, but you should watch for inflation surprises, geopolitical flare-ups, and shifts in rate expectations that could snap the uptrend. The next data prints on inflation and earnings, plus any new ceasefire developments, will be decisive for the narrative and risk controls.

Source: Original Article

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