Market bull Tom Lee hesitant to jump into this post-Fed rally

Tom Lee isn't sold on the stock market's rally after the Federal Reserve cut interest rates. The S & P 500 and Dow Jones Industrial Average popped to fresh records Thursday, a day after the Fed lowered rates by a half-percentage point. Many investors expected the central bank to lower rates by just a quarter percentage point.

"That's the reason why I'm a little hesitant for investors to dive in." The election is less than 100 days away, and the uncertainty around each candidate's economic platform has made some investors hesitant about making big bets on certain stocks and sectors before the votes are in. Lee was correctly bullish heading into 2024 and has nailed several bold short-term calls on the market.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed’s reliance on monthly data might end up hurting stocks, Tom Lee says'This should be a benign cutting cycle ... good for markets ... the key is the Fed getting off data dependence,' said Lee.
Source: CNBC - 🏆 12. / 72 Read more »

Market's Underestimation of Fed Easing Could Signal a Bond Rally AheadMarket Overview Analysis by Michael Lebowitz covering: . Read Michael Lebowitz's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Spot Buying Drives BTC Rally as Market Awaits Fed Rate Cut: BitfinexCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Stock Market Today: US stocks flat as traders brace for Fed's rate decisionStock Market Today: US stocks flat as traders brace for Fed's rate decision
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 closes higher as Fed minutes boost Sept rate cut hopesStock Market Today: S&P 500 closes higher as Fed minutes boost Sept rate cut hopes
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Dow hits a fresh record high ahead of the key Fed meetingStock Market Today: Dow hits a fresh record high ahead of the key Fed meeting
Source: Investingcom - 🏆 450. / 53 Read more »