The S&P 500 is primed to rise 4% in June, according to Fundstrat's Tom Lee.
AdvertisementThe stock market is poised to rise another 4% in June after jumping 5% in May, according to a Tuesday note from Fundstrat's Tom Lee.
Lee said the S&P 500 could jump to 5,500 within the next month, driven by five positive market catalysts.
Such a gain would send the S&P 500 to new all-time highs.
But Nvidia's blowout earnings results last week could jolt investors to finally put that cash to work and buy stocks, according to Lee.
Persons:
Tom Lee, Lee, —
Organizations:
Service, PCE, CPI, Bank of America