Fundstrat head of research Tom Lee said the market is primed for a “face ripper” rally into month end, citing cooling oil prices, easing Treasury yields, a hawkish Fed that could soften, and oversold conditions. according to BeInCrypto, Lee said those factors could give the rebound real momentum as major indexes recovered from last week’s selloff.

Lee reiterated his S&P 500 target of 8,000 for this month and said crypto’s August rally often leads stock moves by about a month. He and Freedom Capital Markets’ Jay Woods agreed technology stocks are driving the bounce, but Woods said Micron’s earnings next week will be key to confirming whether the rally can broaden.