Closing Bell Closing Bell: Record Rally Rolling Over? 8/8/25
Aug 8, 2025
Tom Lee, head of research at Fundstrat and CNBC contributor, discusses the longevity of the current stock market rally. He shares insights on investor sentiment amidst looming uncertainties, particularly regarding interest rates. The conversation also dives into sector-specific performances like tech stocks and highlights cautious optimism following recent earnings. Additionally, the potential candidates for the Federal Reserve Chair and their potential market impacts are examined, emphasizing the need for strategic diversification in investments.
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BitMine's Ethereum Per‑Share Story
- Tom Lee recounts BitMine held $4 of Ethereum per share when he joined.
- He says holdings are now well over $25 per share, supporting the stock's rise.
Nvidia's Size Reflects Earnings Power
- Tom Lee says Nvidia's size reflects real incremental earnings and margins.
- He argues concentration stems from genuine earnings contribution, not just speculation.
Tom Lee's 6,500–6,600 S&P Call
- Tom Lee believes the S&P could hit 6,500–6,600 soon and that year‑end targets may be conservative.
- He sees Bitcoin leading the S&P and expects a breakaway upside move.