According to CoinMeta, as reported by an early issuer of in, the founder of Fundstrat Global Advisors, Tom Lee, expects the S&P 500 index to reach the range of 7,900 to 8,000 points by the end of August and set a new high. He pointed out that there are several factors contributing to the rise in the index, including the Federal Reserve having no interest rate meetings this month, the July non-farm payroll report being weaker than expected, inflation cooling down, strong second-quarter financial reports, improved profit prospects for 2027, and the completion of the deleveraging process related to artificial intelligence.