Fundstrat’s Tom Lee is issuing a warning that monetary markets must be navigated with warning till the 2024 US election concludes.
In a brand new interview with CNBC, Lee says that buyers could obtain a greater likelihood to go lengthy within the coming weeks.
“I believe buyers must be cautious… For the following eight weeks…
It’s been up seven out of the eight months this 12 months, so we all know it’s an extremely robust market…
I believe within the subsequent eight weeks, folks will get an opportunity to purchase. So I’d say be cautious however prepared to purchase that dip.”
When pushed on whether or not he foresees any upcoming “Trump trades,” Lee confirms that he does.
“Bitcoin has not acted effectively. The 2 issues we’re watching by way of election listed below are Bitcoin and power…
I believe the market is extra beginning to guess on Trump within the election.”
Lee made comparable remarks in an interview with CNBC final week.
“To an extent, I believe that the markets are believing Trump’s possibilities of successful are stronger than the what the polls are displaying.
However I believe that when the market form of turns into extra satisfied of that, I believe you’ll see cyclical shares do higher, small caps, and Bitcoin do higher as a result of these are actually clear coverage variations.
However sure to me, I believe over the past couple of days the market is betting on Trump’s odds being higher than the polls.”
Generated Picture: Midjourney
