Tom Lee’s ‘Everlong’ SPX Target

Written By Timmy Adami

June 24, 2024

Dan Nathan returns from his grand European tour and joins Guy Adami to discuss current market trends. They explore the implications of recent activities in the SPX, including divergences between the market cap weighted and equal weight indices, and delve into Tom Lee's bullish 15,000 S&P 500 prediction by 2030. Other topics include Nvidia's recent insider selling patterns and the potential influence on stock performance, FedEx's upcoming earnings as a potential market indicator, and the impact of AI and tech investments on the broader market. 

What We're Reading

  • Why Tom Lee Thinks We Could See S&P 15000 by 2030 (Bloomberg)

  • The stock market is in its longest stretch without a 2% sell-off since the financial crisis (CNBC)

  • Nvidia Sales Grow So Fast That Wall Street Can’t Keep Up (Bloomberg)

  • Charlie Bilello on the equal weight S&P 500 lagging behind

  • Jason Goepfert on Nvidia insider Selling

  • ZeroHedge: 80% of the S&P has entered buyback blackout window: Goldman

Timmy Adami
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