Is the Bull Market Over? Tom Lee's Full Answer

Tom Lee just called high oil prices GOOD for U.S. stocks and laid out exactly why most investors are reading this market wrong. In this conversation from the Future Proof conference, Fundstrat Head of Research Tom Lee breaks down his full market outlook: why he sees the S&P 500 reaching 7,300, why Mag 7 valuations are "ludicrously cheap," and why the so-called Trump Put still protects U.S. equities. He also shares his views on private credit risk, the software sector bottoming, Bitcoin vs. gold, and why AI spending is still small relative to the broader economy. This is one of Tom's most comprehensive on-stage interviews — covering everything from geopolitical risk to crypto to the new Fed chair and what it means for markets in the second half of the year. 📊 Get Fundstrat's latest Report: https://research.fundstratdirect.com/sfn-20260323/?utm_medium=social&utm_source=youtube&utm_campaign=appearance&utm_term=20260406&utm_content=Future-Proof 🆓 Start your free trial — access Fundstrat's full research library: https://fundstratdirect.com/full-services/?utm_medium=social&utm_source=youtube&utm_campaign=appearance&utm_term=20260406&utm_content=Future-Proof ────────────────────────── TIMESTAMPS 0:00 — Current market view & geopolitical risk 2:45 — Why high oil prices are good for U.S. stocks 5:30 — The Trump Put explained 8:00 — Bear market timing & S&P 7,300 target 11:00 — New Fed chair risk 13:30 — AI spending: still small? 16:00 — Mag 7 valuations 19:00 — Private credit concerns 22:30 — Software: has it bottomed? 26:00 — Bitcoin vs. gold