Tom Lee: Bull Run Still Has Room to Run

Tom Lee said the bull run still has room to run, arguing strong fundamentals and persistent investor anxiety are keeping the setup constructive.
He noted earnings visibility remains solid, supported by AI, improving ISM data, and a broader economic expansion. At the same time, AI hyperscaler debt, U.S. deficits, the Iran war, and political turmoil are keeping investors cautious.
Lee said markets climb a "wall of worry" and remains constructive on both stocks and crypto over the next 12 months.