Tom Lee of Fundstrat views the fear of a September crash as a contrarian signal that could trigger a market rally rather than a decline. He maintains his forecast of Bitcoin reaching $150,000, roughly double its current level near $78,875, alongside an S&P 500 above 8,200. The September 15 Fed meeting will be decisive: Lee’s base case is that the institution neither hikes nor cuts rates. Six-month PCE inflation stands at 4.1% while the 30-year Treasury yield remains above 5%. Lee identifies four catalysts for crypto: Bitcoin led all macro assets in the third quarter, the four-year crypto cycle ends next month, Korean traders are rotating back from AI stocks, and the CLARITY Act could pass this year.
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