Fundstrat says market gains possible after 2026

Tom Lee said on June 1 that some of the stock market’s biggest gains could come after 2026, laying out a longer-term bullish view even as he discussed near-term market turbulence in a CNBC interview. CNBC published the segment on Monday under the headline, “We could see some of the biggest stock market gains in our lifetime after 2026.” The interview featured Lee in his roles as Fundstrat managing partner, head of research and Fundstrat Capital chief investment officer. CNBC said the discussion covered market trends, artificial intelligence, crypto and the market outlook. ### Where did Lee make the comment? CNBC aired the interview on its “Squawk Box” program on June 1 at 7:49 a.m. EDT, according to the network’s video page. The same segment was also posted to YouTube on June 1, where the headline repeated Lee’s call for potentially outsized gains after 2026. The YouTube posting identifies Lee as “Fundstrat managing partner and head of research, and Fundstrat Capital CIO.” The clip description says he joined the program to discuss “the latest market trends, impact of AI, market outlook, state of crypto, and more.” ### What exactly is verified from the public posting? The public video headline attributes the forward-looking call directly to Lee: “We could see some of the biggest stock market gains in our lifetime after 2026.” CNBC’s own page uses the same wording, which makes the quote and timing independently visible across both platforms. No full transcript was visible in the public materials reviewed. That means the verifiable public record is the headline, the publication timing, Lee’s titles and CNBC’s description of the topics discussed. ### How does this fit with Lee’s broader 2026 market view? Fundstrat’s own materials have framed 2026 as a year that could include volatility before a stronger outcome. A Fundstrat Direct page for “Tom Lee’s 2026 Market Outlook,” published about five months ago, said Lee expected “volatility and skepticism” but argued those conditions could still set up a positive result after three straight years of strong equity returns. A separate Fundstrat YouTube posting from roughly the same period described Lee’s 2026 framework as one in which investors could face a difficult first half and still finish the year with gains. Those earlier materials do not contain the June 1 “after 2026” phrasing, but they show that Lee had already been presenting a two-stage view: pressure first, then improvement later. ### Why are investors focusing on the “after 2026” wording? The June 1 headline stands out because it shifts attention beyond the current year. Lee’s phrasing, as presented by CNBC, points investors toward 2027 and later rather than only toward the next few months. Third-party coverage published on June 2 characterized Lee’s message as “vigilant but generally bullish” into year-end and especially constructive for 2027 and 2028. That description is not a substitute for the original interview, but it matches the public CNBC headline’s emphasis on gains coming after 2026. ### What is the next concrete thing to watch? CNBC’s June 1 video and YouTube upload remain the primary public source for Lee’s comments, and any fuller transcript or follow-up appearance would clarify the details of his timeline. Fundstrat’s next published market update from Lee, listed on the firm’s author page in late May, is the most likely place for a more detailed written version of the same outlook.