Fundstrat World Advisors co-founder, head of analysis and managing associate Tom Lee says the key geopolitical occasions of the final weekend needs to be a boon to shares.
In a brand new interview with CNBC, Tom Lee was requested his opinion on the US inventory market being as much as begin the week after the US’s army strikes on Iranian nuclear services over the weekend.
“Nicely, you realize, in some methods it’s not a shock as a result of, as you realize, like Artwork Cashin had the adage, ‘Promote the buildup, purchase the invasion.’ And I believe at present is an instance of that – that markets have been sort of already nervous and anxious, and we’d already seen de-risking, and the VIX was already elevated. So I believe in some methods that is in all probability fairly typical.”
When requested how the occasions of the previous weekend will form his buying and selling outlook for the remainder of the 12 months, Lee says the inventory market ought to proceed upward into 2026.
“In some methods, it truly strengthens the case for shares to do higher into year-end. As a result of in the beginning of this 12 months, we might have stated the US bombing a nuclear facility is a black swan. Oil could be $120, shares needs to be down 10%. After which now we have the occasion, and oil is just not actually surging, and shares are up. So I’d virtually say that you just put one other stress check into the market – we’ve seen it go it. And I believe it means shares ought to do fairly effectively in Europe.”
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