Tom Lee: The bear market for tech giants is over, but other sectors may face a "rolling bear market."

By: rootdata|2026/05/28 04:45:01
0
Share
copy

Fundstrat's research director Tom Lee stated that although the "Tech Seven" have emerged from the downturn, the overall market risks have not been alleviated, and other sectors may gradually enter a "rolling bear market" later in 2026.

He believes that the demand for AI remains strong, which will support the major indices in maintaining resilience by the end of the year, but internal market differentiation will intensify. In an interview with CNBC, he said, "The bear market for the Tech Seven and the software sector has ended," but emphasized that this does not represent the overall market.

Lee pointed out three potential disruptive factors: fluctuations in the midterm election cycle, selling pressure after the lock-up period for tech company IPOs expires, and tight energy supply. Among these, he views energy as the most direct risk, warning that "the moment of reckoning is approaching: there is a shortage of oil product inventories that cannot be alleviated in the short term," and companies reliant on energy will be under pressure.

He remains optimistic about the core support of the U.S. economy—energy independence and improved AI productivity—advising investors to focus on areas with strong earnings certainty, stating that "the companies that truly strengthen are those that control scarce resources." He mentioned that the semiconductor sector has shown signs of overheating, but in the short term, capital momentum still leans towards AI suppliers and tech leaders, while other industries may gradually enter an adjustment phase.

You may also like

How Could the SpaceX IPO Affect Bitcoin, Altcoins season, and Crypto Liquidity?

Will the SpaceX IPO affect Bitcoin prices? Discover how SpaceX's reported BTC holdings, crypto liquidity shifts, ETF outflows, and the biggest IPO in history could impact Bitcoin and the broader crypto market.

RootData: May 2026 Cryptocurrency Exchange Transparency Research Report

In May, the spot trading volume of cryptocurrency exchanges was $725.7 billion, a slight decrease of 2.2% compared to April, marking the fifth consecutive month of decline since January, reflecting the overall trend of the market's continued movement.

Should we escape the peak? The principle of the tail-end market in the stock market

The truth behind the Rockefeller escape myth: the end of the bull market is not due to overheating emotions, but rather the exhaustion of new funds. Currently, market buying volume has been concentrated and released, so it is advised to be cautious of "tail-end market trends" and gradually take prof...

Morning News | Five major virtual asset platforms in South Korea have experienced 57 incidents of hacking and system failures in six years; Grayscale submits registration application for Canton ETF

Overview of Important Market Events on June 7th

The ambitions of Kalshi, MTS, and a16z

The prediction market may be the only field in 2025 that can collectively excite prestigious dollar fund investors, digital currency enthusiasts, and media professionals.

The AI bubble is bursting

In the clamor of the bubble, the potential of the underlying productivity is not inflated at all.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com