Fundstrat’s research, Tom Lee, says that a solution to President Trump’s rate war will create a positive attitude for financial markets.
In a new interview on CNBC, Lee says that, unlike media headlines, the threat of rates may have left all their mark on the financial landscape, which means that most damage has already been caused to markets.
Lee refers to the 1962 stock market correction during the Cuban rocket crisis when the Bottom markets took place before the actual resolution of the crisis.
“I think markets should interpret it positively, because when we talk to our customers, many consider rates such as punishment, potentially protectionist and drive different economies in a recession. This sounds like we can have a positive-case scenario with these rates.
We still have eight trading days until 2 April. Most investors are simply nauseous with volatility, so that they want to throw the towel in the towel, but we also know that markets will be on the bottom or be historical bottom before the event actually happens. The best example is the Cuban rocket crisis in 1962. That was a 12-day crisis. The stock market battled for seven days in that crisis and restored two -thirds of the losses before the resolution. So I think that’s a decent template for today. “
https://www.youtube.com/watch?v=BFA40WVAMKCC
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