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Tom Lee: S&P 8000?!

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Breakdown

0:00S&P 500· ticker

S&P 500 — target at 8,000, VIX implies 4.3% move

  • Morgan raises target to 8,000
  • Goldman hit 8,000 in May
  • Tom Lee expects target before month ends
  • Index closed at 7757, 26th all-time high
  • 8,000 is 3.1% away
  • VIX 149 prices 4.3% move in 30 days
  • Remaining upside < one month's ordinary

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