BTC31011

06/09 01:30

Tariffs Are No Threat to S&P Performance, Says Fun

Tariffs Are No Threat to S&P Performance, Says Fundstrat’s Tom Lee

Fundstrat’s Tom Lee believes that continued caution in the stock market may actually pave the way for a new bullish breakout.

In a recent interview with CNBC, Lee noted that despite the strong performance of the S&P 500, many institutional investors remain cautious, largely due to unresolved trade issues.

He said portfolio managers are reluctant to take advantage of the rally, fearing the economic impact of tariffs. But he said those concerns are overblown.

A 10% import tariff would only cut GDP by 1%, Lee said, a manageable slowdown comparable to past oil price spikes that didn’t destabilize the economy.

The overall picture, however, is brighter. With short interest rising, money deferred, and market conditions stable, Lee sees potential for a sharp rally.  He suggests the real risk is missing out while waiting for a clear picture.

As skepticism persists, the expert believes the market could be bracing for an unexpected surge, ironically fueled by those still on the sidelines.

#Check In Daily, Win Prizes Daily — Join the Fun!#Share Your Thoughts on Popular Assets in June#Trump-Musk spat sees Bitcoin tumble

6Compartir