Fundstrat's Tom Lee: Most stocks haven't reflected strong earnings season

• S&P 500 target of 7300 in the near term, driven by solid earnings and economic reports.
• Identifies three key trades: rotation back to the 'Magnificent 7', software ($IGV) bottoming, and crypto bottoming.
• Notes software ownership is at multi-decade lows and Nvidia's upcoming earnings could mark a bottom for the sector.

Tom Lee of Fundstrat believes the market is poised for a rebound, with the S&P 500 potentially reaching 7300 in the near term. He highlights underappreciated strong earnings and economic reports as fundamental anchors, despite recent market choppiness. Key trades ahead include a rotation back to the 'Magnificent 7', a bottoming in software stocks, and a bottoming in crypto.