Tom Lee's 6 Reasons to Stay Bullish in 2027 - Stenger Family Office Investor Day | 19 Oct 2026 | Stenger Family Office

1. Executive Briefing (TL;DR)

• Top Key Takeaways:

  • Structural AI Supercycle & Infra Scaling: AI capex is projected at $800B/year currently, scaling to $1T/year and cumulative $30T long-term. This footprint mirrors historical buildouts of wireless networks ($25T–$30T) and commercial real estate ($60T), rather than an unsustainable asset bubble [00:01:07].
  • Stealth Bear Market Underway: While the cap-weighted S&P 500 hovers near all-time highs, the S&P 500 Equal-Weight Index is already down 8% from its highs, signaling that significant valuation repricing has already transpired across Software, Crypto, Mag7, and AI names [].