Stock-market strategist says Wall Street should shake of Trump trade anxieties and ‘buy this dip’

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Fundstrat Global Advisors analyst Thomas Lee says there is reason to be a buyer in this downbeat environment.

That’s the recommendation of Fundstrat Global Advisors analyst Thomas Lee in a Monday research note, in the wake of a tumble by equity indexes across the globe partly inspired by an apparent escalation of Sino-American trade tensions.

Domestic markets also got whacked, with the Dow Jones Industrial Average DJIA, -0.78% , the S&P 500 index SPX, -0.85% and the Nasdaq Composite Index COMP, -0.99% on track for the steepest slides, at their intraday lows, since March 22, according to FactSet data.However, Lee says there is reason to be a buyer in this downbeat environment.

The Fundstrat analyst also makes the case that the trade spat might prompt the Federal Reserve to remain “market friendly” by holding off on near-term interest-rate increases.

 

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Shake of? Does anyone proofread before hitting send?

‘off’

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