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.
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