Fundstrat’s Tom Lee literally pleads with investors to not ignore 5 bullish signs forming in the stock market

‘Quietly, we urge investors to back up the truck, please.’ Thomas Lee Lee, head of Fundstrat Global Advisors, doesn’t feel he can overstate that point, noting in a research report dated Friday that investors “ignore at your peril” bullish signs crystallizing in markets despite jitters about international trade conflicts between China and the U.S. that rocked the Dow Jones Industrial Average DJIA, -0.34%, the S&P 500 index SPX, -0.66% and the Nasdaq Composite Index COMP, -1.00% on Monday.

Because the plot of futures contracts normally slope upward, an inverted curve reflects panic and market capitulation and are often viewed as contrarian indicators, says Lee, estimating that the market tends to rise 8.9% in the following six months after an inversion. “The current macro environment is far from perfect, but macro fundamentals likely justify higher equity prices,” the analysts wrote.

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.

One market bear says portfolios are headed for their worst returns since the Great Depression — and explains why now is the time to flee stocksLong-standing market bear John Hussman sees dismal returns ahead for traditional portfolios, and advises investors to get out of stocks. because of one market bear A bag of market predictions and a nickel is still worth a nickel. Ah. Is this a time for another UrbanMyth of a harbinger of doom leaning against a pillar selling stocks only to ride back into them at the bottom of the market? The evidence might well be slender but I can faintly hear Nathan Mayer Rothschild laughing. PlayingTheGame?
Source: BusinessInsider - 🏆 729. / 51 Read more »