July will be a 'stronger month' for stocks, says Fundstrat's Tom Lee

• July is expected to be a stronger month for stocks due to Q2 earnings surprising to the upside, leading to lower P/E ratios and room for expansion.
• S&P 500 target of 8,000 is considered 'doable' this year, with potential for 8,400-8,800.
• A 'bear market-like' decline is anticipated later in the year (August-October) driven by the new Fed framework, SpaceX share unlocks, cumulative petroleum shortages, and high margin debt.

Fundstrat's Tom Lee predicts July will be a stronger month for stocks, driven by better-than-expected Q2 earnings leading to lower P/E ratios and potential expansion. He maintains an S&P 500 target of 8,000 this year, potentially higher. However, he anticipates a 'bear market-like' decline later in the year (August-October) due to factors like the new Fed framework, SpaceX share unlock, petroleum shortages, and high margin debt.