The head of Market Intelligence Fundstrat’s investigation says that the chance of a V-shaped recovery for the stock market in April is overwhelmingly high.
In a new one interview With CNBC television, Tom Lee says that the stock market could resolve a recovery on the basis of historical patterns at the beginning of April.
“The peak in the VIX (Volatility Index) or the collapse of investor sentiment or consumer confidence, all of whom happened around February 2018, so that really coincided with the first low that was made in 2018, and the market began to organize its recovery …
But if we start thinking about the second half of this year, we first had the collapse in sentiment. In the past year we raised $ 850 billion in cash in balance for Geldmarkt, and in the second half we were looking for tax reform, which really produced shares in 2017. ”
According to Lee, a lot of the panic on the stock market has already taken place this year, which means he believes that shares should regain their bullish momentum this week.
“So I think the chance of a V-shaped recovery in shares that come after 2 April is simply extremely high, because we have already given a lot of panic that people have seen in 2018. I think it is already taking place.”
A V-shaped rally is a technical pattern that indicates an abrupt bullish reversal and a sharp increase in the market.
Earlier this month, both the shares and the crypto markets took a hard hit after President Donald Trump announced rates and refused to exclude an upcoming economic recession.
https://www.youtube.com/watch?v=5onzmnqgeeg
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