Tom Lee, long-time bullish on Wall Street and co-founder of Fundstrat Global Advisors, predicts that the S & P 500 is expected to soar more than 100 points this month, but could be followed by a correction.

This JPMorgan Chase & Co"We may have a really strong rally in September," said the former chief equity strategist. We don't think there will be a 10% callback window for most of 2021. We think this window may appear in October. "

Lee attributed this vulnerability to growing fiscal and monetary policy risks and uncertainty around the pandemic and flu season.

"We are getting closer and closer to cutting back on debt purchases, and that's when talk about the debt ceiling is coming back, and if people are worried about the debt ceiling, the bond market may panic," he said. " When there is turmoil in the bond market, it usually affects the stock market.

But at the same time, Lee said he would buy on the bargain. He believes that uncertainty about the Delta mutation case and its economic impact will push the Fed to maintain a dovish position for a longer period of time. Lee believes that this is the secret of the stock market hitting record highs.

Lee's preferred market still involves transactions that are closely related to the economic recovery. He is particularly bullish on energy stocks and materials stocks. He also sees an opportunity in "FAANG" stocks. This is Facebook Inc.、 Amazon.Com Inc(Amazon), Apple Inc(Apple), Netflix Inc(Netflix) and the acronym of Alphabet.