Stock Market Should Continue Upward Till Year-End After Passing ‘Stress Test’: Fundstrat’s Tom Lee
Fundstrat World Advisors co-founder, head of analysis and managing accomplice Tom Lee says the most important geopolitical occasions of the final weekend needs to be a boon to shares.
In a brand new interview with CNBC, Tom Lee was asked his opinion on the US inventory market being as much as begin the week after the US’s navy strikes on Iranian nuclear services over the weekend.
“Effectively, you realize, in some methods it’s not a shock as a result of, as you realize, like Artwork Cashin had the adage, ‘Promote the buildup, purchase the invasion.’ And I feel at the moment is an instance of that – that markets had been type of already nervous and anxious, and we’d already seen de-risking, and the VIX was already elevated. So I feel in some methods that is in all probability fairly typical.”
When requested how the occasions of the previous weekend will form his buying and selling outlook for the remainder of the 12 months, Lee says the inventory market ought to proceed upward into 2026.
“In some methods, it truly strengthens the case for shares to do higher into year-end. As a result of at first of this 12 months, we might have mentioned the US bombing a nuclear facility is a black swan. Oil can be $120, shares needs to be down 10%. After which we have now the occasion, and oil will not be actually surging, and shares are up. So I’d nearly say that you just put one other stress take a look at into the market – we’ve seen it move it. And I feel it means shares ought to do fairly nicely in Europe.”
