Lee called for the broad market index to reach 5,500 by the end of June.
The S & P 500 finished Monday's trading session at 5,283.40 and is up about 3% over the past month.
The broad market index fell more than 4% in April before surging nearly 5% in May to record highs above 5,300.
I don't think one cut or three cuts makes [it] that much different for stocks," Lee said.
"It all depends on inflation, really the edge coming off enough for the Fed to say we're comfortable cutting this year," he added.
Persons:
Tom Lee, Lee, Lee's
Organizations:
Fundstrat Global, Federal Reserve