Tom Lee: 6 key considerations for 2H 2026, including inflation looks weaker than consensus

TOM LEE: 6 key considerations as we look into second half of 2026, including Inflation looks weaker than consensus $MSTR $PLTR $HOOD $APD $NOC 📈 Granny ETFs Performance: For the week ending 7/2/2026, GRNY rose 2.51% vs. a gain of 1.78% for the S&P 500 (+73 bps relative). GRNJ fell 0.19% vs. a decline of 0.20% for the Russell 2500 (+1 bps relative), and GRNI rose 2.25% vs. a gain of 1.78% for the S&P 500 (+47 bps relative). 🌐 Inflation Cooling into 2H: The second-half setup leans on softening inflation, with seven of the last eight CPI reports coming in below expectations and easier year-over-year comparisons ahead, alongside a weaker June jobs report that gives the Fed room to ease. ISM back above 50 and 2027 earnings estimates rising $48 to $400 support a constructive backdrop, though margin debt up 54% year over year is worth watching. 📌 Themes Driving Performance: The primary themes contributing to performance this week were Millennials, followed by Seasonality, with additional support from Easing Financial Conditions. GRNY holdings and performance: https://grannyshots.com/grny/ GRNJ holdings and performance: https://grannyshots.com/grnj/ GRNI holdings and performance: https://grannyshots.com/grni/ About Fundstrat Capital: Fundstrat Capital is an investment management firm led by Chief Investment Officer Tom Lee, specializing in thematic, research-driven equity strategies. The firm applies in-depth macroeconomic, industry, and market trend analysis to develop actively managed investment solutions for a broad range of investors. About the Granny Shots Strategy: The Fundstrat Granny Shots strategy, grounded in Fundstrat’s evidence-based research, identifies the macro forces shaping markets and applies them through a disciplined, rules-based investment approach. By integrating longer-term structural drivers with shorter-term tactical factors, the strategy seeks to deliver long-term capital appreciation. Connect with Fundstrat Capital for daily insights: X: https://x.com/FundstratCap LinkedIn: / fundstrat-capital Instagram:   / fundstrat_cap   Sign up for news and updates: https://grannyshots.com/sign-up/ For media inquiries, contact [email protected] Basis points (bps): A unit of measurement equal to 1/100th of one percentage point; 100 bps = 1%. CPI (Consumer Price Index): A monthly gauge of how much prices for everyday goods and services change. ISM: A monthly survey of manufacturing activity; above 50 signals expansion, below 50 contraction. PE (price-to-earnings): A stock's price divided by its earnings; a common measure of how expensive it is. Russell 2500: An index of roughly 2,500 small and mid-sized U.S. company stocks. S&P 500: An index of 500 large U.S. companies, widely used to gauge the overall market. BEFORE INVESTING, CONSIDER THE FUND’S INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES. FOR THIS AND OTHER IMPORTANT INFORMATION, PLEASE READ THE PROSPECTUS CAREFULLY BEFORE INVESTING. BIT.LY/GRNYPRO THE PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND IS NO GUARANTEE OF FUTURE RESULTS. INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE SO THAT AN INVESTOR’S SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. CURRENT PERFORMANCE MAY BE LOWER OR HIGHER THAN THE PERFORMANCE DATA QUOTED. FOR THE MOST RECENT MONTH-END PERFORMANCE, PLEASE CALL (212) 293-7132. The Fundstrat ETFs are distributed by Foreside Fund Services, LLC.