The head of research and co-founder of financial service provider Fundstrat says that many people continue to have reservations about shares, despite positive signals on the market.
In a new interview about CNBC’s Closing Bell, Tom Lee out That there are still a number of people who hesitate to make contact with the stock market, regardless of that the S&P is doing well and many investors are bullish.
“In our phone calls and zooms with portfolio managers, they are still cautious because they see tariff risks, and they have no tariff resolution in their hand. They cannot become bullish. I think the feedback we get from many people is that they think shares should not rise.”
Lee says that indicators point to a bullish process for the market.
“I would say that given the amount of money on the sidelines, the fact that short interest rates goes up and we have a quiet week and markets gather, I think the risk is now of a considerable leg-up rally.”
He says that rates matter, but the higher rates will not have critical effects on the economy.
“Don’t forget before February, before Trump spoke a bit about this, the basic case for many was a rate of 15%. Let’s say we will end 10%. That is 10% on 15%, which is import, which is about a GDP effect of 1%. That’s not from $ 40 to $ 80. 4000 S & P more.”
https://www.youtube.com/watch?v=rzDle2C4DDS
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