The stock market has staged a major rebound in April. The S&P 500 and Nasdaq hit fresh all-time highs this week, erasing all losses from the US-Iran conflict.
BitMine Chairman Tom Lee believes the US stock market is now in a better position than when it hit its previous all-time high earlier this year. He outlined three reasons for his stance during an appearance on CNBC’s Closing Bell.
US Stock Markets Absorb Oil Shock
According to market data, the S&P 500 closed at 7,022.95 on April 15, surpassing its previous record from January 28. The Nasdaq finished at 24,016, marking a new record high.
This recovery came after the S&P had fallen as much as 9% from its January peak amid the war’s rattling of global markets. Now, both indices have turned positive for the year after notable losses in March.
S&P 500 and Nasdaq Performance In 2026. Source: TradingViewLee pointed to the resilience as evidence that US equities can absorb oil price surges that are crippling other economies. Oil spiked above $100 per barrel after the Strait of Hormuz was blockaded.
However, prices have since retreated as markets have grown cautiously optimistic about a de-escalation in tensions between the United States and Iran.
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His second point focused on corporate earnings. Lee said earnings have risen since the conflict began, which gives the market confidence that the war is actually stimulating the US economy rather than dragging it down.
Lee’s third argument centers around the consensus that surging oil prices will trigger a severe inflation shock.
He maintains a base-case S&P 500 target of 7,300 for the year, suggesting additional upside of roughly 4% from current levels.
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The post Tom Lee Lists 3 Reasons the Stock Market Is in a “Better Position” Than at Its Early 2026 Peak appeared first on BeInCrypto.
Source: https://beincrypto.com/tom-lee-stock-market-stronger-2026-high/
