The S&P 500 has three hurdles to clear before a move to 8,000, says this strategist

The S&P 500 has three hurdles to clear before a move to 8,000, says this strategist If PCE, Nvidia 2Q and Jackson Hole throw up no negative surprises, Tom Lee reckons the market should rally If the market can safely negotiate this week’s three major clearing events, the S&P 500 benchmark should rally toward the 7,900 to 8,000 level, one closely followed strategist says. Fundstrat’s managing partner and research head, Tom Lee, says the three obstacles are the release Wednesday of the core personal consumption expenditure price index for July, Nvidia’s second-quarter earnings announcement slated for release after the close Wednesday and finally the speech to be delivered by Fed Chair Kevin Warsh at the Jackson Hole economic symposium on Friday. About the Author Jules Rimmer is a markets reporter in London. Rimmer spent more than 30 years as a trader and stockbroker, starting at Salomon Brothers in the “Liar's Poker” era, taking in ING Barings, Jefferies and ending it in emerging markets at Investec. He hung up his headset and pivoted to journalism in 2021.