Tom Lee Says S&P 500 8,000 Target Still in Play Despite Global Yield Surge

Tom Lee says global long-term yields are breaking out, with U.S. 30-year yields hitting three-decade highs, Germany at 15-year highs, Japan at 30-year highs, and the UK and France at multi-decade highs.
Despite multiple bearish scares this year, from Iran to AI fears, Lee says the market still needs to touch an S&P 500 level of 8,000.