Bet on cyclical stocks if Washington reaches a stimulus deal, says Fundstrat’s Tom Lee

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For subscribers: Bet on cyclical stocks if Washington reaches a stimulus deal, says Fundstrat’s Tom Lee. Check out CNBCPro today.

The U.S. Capitol stands in Washington, D.C., U.S. on Thursday, Oct. 1, 2020. Talks Thursday between Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin brought no immediate breakthrough on a deal for a new pandemic relief package, while the House prepared to vote on a Democrat-only plan.

"The groups that will benefit from that stimulus are going to be economically sensitive, so I think you really want to be cyclically tilted if we do get stimulus."

 

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Pro No fucking duh

Pro What is cyclical? FED has destroyed the economic cycles.

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