The stock market is in risk-on mode as a sharp decline in COVID-19 cases means a big economic surprise is possible, Fundstrat's Tom Lee says

A sharp decline in COVID-19 cases is leading to a newfound risk-on mode for the stock market, Fundstrat's Tom Lee said in a note on Thursday.

If the COVID-19 downturn continues, a quicker-than-expected opening of the US economy would represent a big upside surprise for the market, Lee said.The US stock market is entering"risk-on" mode as COVID-19 cases stage a sharp decline, Fundstrat's Tom Lee said in a note on Thursday. "We are now seeing the strongest string of declines that was not seen since Wave 2 ended over the Summer," Lee explained.

The pandemic has proven that the stock market is not driven by the economy. Middle class America isn’t worrying about the stock market right now.

Again?

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