Prof G Markets · Friday, July 3, 2026
Tom Lee, co-founder of Funstrat Global Advisors, expressed a constructive view on the market for the second half of the year, citing a strong earnings revision and the potential for growth managers to chase semiconductor rallies. However, he acknowledged concerns about the quality of earnings, particularly those tied to AI companies like OpenAI and Anthropic.
“I think it makes a lot of sense to be constructive here, uh, because I do think there's room for earnings to further revise higher for the US.”
“Uh, I think they're going to be chasing it in the second half, which is why I'd probably stay bullish.”
“And that is a lot of these earnings that we're seeing, they they hinge on these contracts with these AI companies whose ability to actually pay out on those contracts, I think is not unreasonable to say that they should be at least questioned.”