Fundstrat Co-founder: Investors should remain cautious in the next eight weeks due to potential interest rate cuts by the Federal Reserve and the US election.
Odaily Daily News: Tom Lee, co-founder and research director of Fundstrat, predicts that the stock market will experience some fluctuations in the next eight weeks, although he believes that the retraction may be an opportunity for investors to buy. Tom Lee said in an interview with CNBC's 'SquawkBox Europe' program on Tuesday: 'I think investors should be cautious in the next eight weeks. However, he continued,' I think people have the opportunity to buy in the next eight weeks. That is to say, caution is a good thing, but you also need to be prepared to buy on dips.' According to CME's 'FedWatch' tool, the market priced the possibility of a 25 basis point rate cut by the Fed in September at 67%, while others saw the opportunity of a 50 basis point cut. (Jinshi)
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Fundstrat Co-founder: Investors should remain cautious in the next eight weeks due to potential interest rate cuts by the Federal Reserve and the US election.
Odaily Daily News: Tom Lee, co-founder and research director of Fundstrat, predicts that the stock market will experience some fluctuations in the next eight weeks, although he believes that the retraction may be an opportunity for investors to buy. Tom Lee said in an interview with CNBC's 'SquawkBox Europe' program on Tuesday: 'I think investors should be cautious in the next eight weeks. However, he continued,' I think people have the opportunity to buy in the next eight weeks. That is to say, caution is a good thing, but you also need to be prepared to buy on dips.' According to CME's 'FedWatch' tool, the market priced the possibility of a 25 basis point rate cut by the Fed in September at 67%, while others saw the opportunity of a 50 basis point cut. (Jinshi)