The co-founder and managing partner of Fundstrat, Tom Lee, gives a prediction for the US stock market in the short term.
In a new CNBC interview, Lee out Markets are “really sold over” after a correction that came in the midst of fears for American rates.
According to the co-founder of the Fundstrat, investors are currently confronted with uncertainty, but there will be clarity after 2 April that could alleviate the sales pressure.
“And this week I think in 2 April, investors have three things in their mind. One is that they simply do not know what the rates look like. They don’t know if it will damage the economy. And I think the third, many are just a bit terrified of the Policy of the White House.
But after Wednesday I think markets will have some visibility. This enables us to purchase part of the sales pressure. So yes, I think it is possible that instead of breaking down here and see markets under further pressure, we have the right pieces for a bottom. “
According to Lee, the American economy is “going well” after imposing the proposed rates by the US government, a day that President Donald Trump called the “Liberation Day.”
“Brexit’s [the exit of the United Kingdom from the European Union] An example, you know. Brexit happened and the British economy worked out well. It had no huge recession and the stock market did well.
So for investors today, at the weekend, we thought so much that the economy will fall completely off the rails after Wednesday. “
https://www.youtube.com/watch?v=ehlvayfpzky
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