By Nermeen Nabil Khear 
Fundstrat’s head of research, Tom Lee, says that a resolution of President Trump’s tariff war will create a positive setup for financial markets.
In a new interview on CNBC, Lee says that contrary to media headlines, the threat of tariffs has potentially already left their mark on the financial landscape, meaning that most of the damage has already been done to markets.
Lee references the stock market correction of 1962 during the Cuban Missile Crisis when markets bottomed before the actual resolution of the crisis took place.
“I think markets should interpret it positively because I think when we talk to our clients, many are viewing tariffs as punitive, potentially protectionist and driving several economies into recession. This sounds like we could actually have a positive-case scenario with these tariffs. One that’s either mutually agreed upon or reciprocal, but maybe a good deal for businesses and I think it would set the stage for a much bigger recovery rally than we expect…
We still have eight trading days till April 2nd. Most investors are getting just nauseous from the volatility so they want to throw in the towel but we also know that markets will bottom or have historically bottomed before the event actually happens. The best example is the Cuban Missile Crisis in 1962. That was a 12-day crisis. The stock market bottomed seven days into that crisis and recovered two-thirds of the losses before the resolution. So I think that’s a decent template for today.”
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The post President Trump’s Tariffs Could Set Stage for Much Bigger Recovery Rally Than Expected, Says Investor Tom Lee appeared first on The Daily Hodl.
Fundstrat’s head of research, Tom Lee, says that a resolution of President Trump’s tariff war will create a positive setup for financial markets. In a new interview on CNBC, Lee says that contrary to media headlines, the threat of tariffs has potentially already left their mark on the financial landscape, meaning that most of the
The post President Trump’s Tariffs Could Set Stage for Much Bigger Recovery Rally Than Expected, Says Investor Tom Lee appeared first on The Daily Hodl. Trading, Fundstrat, News, tariffs, Tom Lee