Tom Lee Says S&P 500 Doesn't Need Accelerating Earnings to Keep Rising

Tom Lee says the S&P 500 ($SPX) doesn't need accelerating earnings to keep rising.
Fundstrat () thinks investors misunderstand what slower earnings growth would actually mean for stocks:
- Roughly half of current earnings growth could be organic
- Slower growth does not automatically mean stocks have to fall
- If S&P 500 earnings can sustain 10% annual growth, Lee says the market could rise roughly 10% a year without further acceleration