Fundstrat managing partner Tom Lee says last week’s stock market pullback is a “false narrative” about the health of the bull market — and he is urging investors not to read too much into the volatility.
Lee, a CNBC contributor, made the remarks Monday on “Power Lunch” after markets sold off sharply Friday before rebounding early in the week’s session.
According to Lee:
“I think it’s a false narrative to think the bull market is in trouble. I think the bull market is still intact and in very good shape.”
Lee identified three drivers of last week’s jitters: concerns about the AI trade following Broadcom’s earnings guidance; the sheer scale of equity capital being raised by tech companies, including Google ($80 billion), SpaceX ($75 billion), OpenAI (potentially $100 billion), Anthropic ($75 billion), and Meta; and ongoing geopolitical tensions.
He also addressed the theory that the SpaceX IPO, expected around June 12, could mark a market top. While Lee acknowledged that “a very large camp” of institutional clients holds that view, he called it “misplaced concerns,” arguing it is “actually rare a big IPO marks a top.”
Lee noted $7 trillion remains in cash on the sidelines and that IPO demand has already been strong.
“I think the market’s going to not only absorb this IPO really well, but I think the market’s going to do well post IPO.”
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Equity Bull Market ‘Still Intact and in Very Good Shape,’ Says Fundstrat’s Tom Lee – Here’s Why appeared first on The Daily Hodl.
Fundstrat managing partner Tom Lee says last week’s stock market pullback is a “false narrative” about the health of the bull market — and he is urging investors not to read too much into the volatility. Lee, a CNBC contributor, made the remarks Monday on “Power Lunch” after markets sold off sharply Friday before rebounding
The post Equity Bull Market ‘Still Intact and in Very Good Shape,’ Says Fundstrat’s Tom Lee – Here’s Why appeared first on The Daily Hodl. Scams, Hacks & Breaches, Fundstrat, News, stocks, Tom Lee
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.