Tom Lee Is Bullish on Stocks, But Braced for a Margin Debt Drop

Fundstrat’s Tom Lee reiterated his call for the S&P 500 to reach 8,000 by the end of August. He also repeated his warning that stocks are due for a pullback.

Speaking on CNBC, Lee joined Robinhood’s Stephanie Guild and Payne Capital’s Courtney Garcia. He said both views can hold at the same time.

A Bull Case Built on Earnings

Lee based his target on rising 2027 earnings estimates. He put…