TechFlow News, April 28: According to JINSHI Data, Tom Lee, founder and head of research at Fundstrat, stated in a CNBC interview that investors have become “desensitized” to geopolitical risks such as the Iran war, while the U.S. economy has demonstrated remarkable resilience. He projects the S&P 500 Index could strongly break above 7,700 this year—representing approximately 7.3% upside from its current level of 7,173.91. Lee identified three key drivers propelling the U.S. equity market upward: first, an exceptionally strong start to the corporate earnings season, with over 89% of companies reporting earnings above expectations; second, AI-driven productivity gains beginning to materialize, fueling corporate growth through technological empowerment; and third, a rebound in the private credit market, where underwriting activity has outperformed expectations. Historical data also shows that U.S. equities often bottom out and recover rapidly following major wartime events.
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