You Won’t Believe Why Tom Lee Thinks the Stock Market is Thriving Right Now!

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So, the stock market decides to make a grand comeback in April. The S&P 500 and Nasdaq are throwing a party, hitting fresh all-time highs this week, like they’ve just discovered a new filter on Instagram that makes everything look fabulous. Meanwhile, they’ve wiped out all those losses from the US-Iran kerfuffle. Bravo!

Enter BitMine Chairman Tom Lee, who’s here to tell us that the US stock market is somehow in a better position than when it peaked earlier this year. He had his reasons all lined up during his cameo on CNBC’s Closing Bell. I mean, who doesn’t love a good financial soap opera?

US Stock Markets Absorb Oil Shock

According to market data-which I assume was fetched by some over-caffeinated intern-the S&P 500 closed at 7,022.95 on April 15. A new record! It’s like the stock market is saying, “You thought you could keep me down? Think again!” The Nasdaq wrapped up its day at 24,016, also a shiny new high.

This miraculous recovery comes after a dramatic fall, with the S&P losing as much as 9% from its January peak during the war’s global market tantrum. But look at them now! Both indices have decided to turn positive for the year, overcoming notable losses in March. It’s heartwarming, really.

Lee points out this resilience as proof that US equities can handle oil price spikes while other economies are left gasping for air. Oil shot above $100 per barrel faster than you can say “supply chain issues” after the Strait of Hormuz was blockaded. But don’t worry, prices have come down, and everyone’s feeling cautiously optimistic about the US-Iran drama de-escalating, for now.

“I know this is going to sound counter to what the viewers might think, but I think the stock market is in a better position today than earlier this year when it made its all-time high because one, we’re now seeing that the US stock market can handle a surge in oil while it hurts other countries,” Lee stated, probably while trying to hide his smirk.

Make sure to follow us on X for the latest news as it unfolds, because who doesn’t want to be glued to their phone all day?

Even as the S&P 500 $SPY reached its all-time hit today, investors are sitting on the sidelines like they’re waiting for a bus that never arrives:

– many said long war = long bear
– but stocks bottom on bad news, not “good”

We expect leaders to be:
– crypto $ETH $BTC $BMNR
– MAG7/software $MAGS $IGV

Great chatting with…

– Thomas (Tom) Lee (not the drummer) FundstratDirect.com (@fundstrat) April 15, 2026

Lee’s second point is about corporate earnings, which have actually risen since the conflict began. Isn’t that just peachy? He argues this gives the market a warm and fuzzy feeling that the war might be giving the US economy a little boost rather than dragging it down. It’s like a weird survival game, but with stocks.

“Stocks are holding up because the economy’s actually doing better in the face of this war. And I know it sounds counterintuitive, but part of it is the defense spending, you know, at $30 billion a month. And it may end up being, you know, $60 billion a month. That’s actually quite stimulative to the economy. This $20 rise in oil is only adding about $12 billion a month to the household burden. So on a net basis, the war is actually helping earnings right now,” Lee explained, probably while shaking his head in disbelief.

And then there’s Lee’s third argument, which revolves around the idea that skyrocketing oil prices will trigger a severe inflation shock. Because, of course, who doesn’t love inflation?

“Looking back at the history of oil spikes, the impact on core is less than we thought. So I think there may be less of an inflation shock coming,” he argued, likely with a raised eyebrow.

He maintains a base-case S&P 500 target of 7,300 for the year, suggesting extra upside of about 4% from current levels. So, hold onto your hats, folks; it’s going to be a bumpy-but apparently profitable-ride!

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2026-04-16 08:17