Tom Lee’s ‘Everlong’ SPX Target

On The Tape

Dan Nathan returns from his grand European tour and joins Guy Adami to discuss current market trends. They explore the implications of recent activities in the SPX, including divergences between the market cap weighted and equal weight indices, and delve into Tom Lee's bullish 15,000 S&P 500 prediction by 2030. Other topics include Nvidia's recent insider selling patterns and the potential influence on stock performance, FedEx's upcoming earnings as a potential market indicator, and the impact of AI and tech investments on the broader market.

What We're Reading

• Why Tom Lee Thinks We Could See S&P 15000 by 2030 (Bloomberg)
• The stock market is in its longest stretch without a 2% sell-off since the financial crisis (CNBC)
• Nvidia Sales Grow So Fast That Wall Street Can’t Keep Up (Bloomberg)
• Charlie Bilello on the equal weight S&P 500 lagging behind
• Jason Goepfert on Nvidia insider Selling
• ZeroHedge: 80% of the S&P has entered buyback blackout window: Goldman

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About the Show:

On The Tape is a weekly podcast with CNBC Fast Money’s Guy Adami, Dan Nathan and Danny Moses. They’re offering takes on the biggest market-moving headlines of the week, trade ideas, in-depth analysis, tips and advice. Each episode, they are joined by prominent Wall Street participants to help viewers make smarter investment decisions. Bear market, bull market, recession, inflation or deflation… we’re here to help guide your portfolio into the green. Risk Reversal brings you years of experience from former Wall Street insiders trading stocks to experts in the commodity market.

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