Tom Lee: Conditions Ripe for 8-10% Gain in S&P 500

The video discusses market outlooks, highlighting confidence in reaching targets due to easing credit conditions and a strong high yield market. It contrasts bonds and stocks, noting bonds' higher risk and potential short-term stock weakness. Earnings have been strong, but valuations are rising amid falling earnings. August is historically weak for stocks, but long-term outlook remains positive despite potential risks like Brexit. The correlation between rising stocks and bonds is explored, challenging the notion they must move inversely.

What is the average drawdown for stocks in August over the last seven years?

What potential factors could derail the longer-term market outlook?