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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Market Is Consolidating, Waiting On Fed
- Tom Lee says the market is consolidating after a 28% gain since April.
- Liquidity is low in August and investors are waiting for September Fed decisions.
Valuations Re‑Rated After Stress Tests
- Tom Lee notes the stock market faced six stress tests in five years yet earnings grew, prompting a re‑rating.
- He argues that earnings resilience supports higher multiples despite headline risks.
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.