Stocks could tank more than 10% when the pandemic's true cost is revealed, the boss of a $4.5 billion wealth manager says | Markets Insider

The"extraordinarily expensive" stock market has"thrown out all the bad data because it was self-imposed," Peter Boockvar of Bleakley Advisory Group said.Renowned strategist Tom Lee nailed the market's 40% surge from its worst-ever crash. Here are 17 clobbered stocks he recommends for superior returns as the recovery gains steam.

It won't be clear how many businesses can reopen, how many employees will get their jobs back, and how much households and businesses are spending until August or September, Boockvar continued. "That's when the gut check will take place," he told CNBC."The market is ignoring all the bad news on the hopes that things obviously get better as we reopen."in a recent Real Vision interview."Once we start to really have definitive data on the other side, people are going to sell on the news, and if I had to make a bet, that's it," he said.READ NOW:

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These 10 stocks have spiked more than 100% after IPOing this year - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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